Property details
1031 NNN Properties, Southeast Region
Property Description
1031 NNN Properties
1031 NNN Properties ideal for a 1031 Exchange available like this property located in the county seat. This one of many 1031 NNN properties and it is 38 miles from Huntsville and 94 miles outside of Birmingham. The attraction of a major Lake has brought numerous developers to the area.
There are various retailers, apartment complexes, high school and junior high and four elementary schools, city and county parks are located within 2 miles.
The franchisee tenant operates 85 restarants, they are growing, and they are a division of a Company which operates 327 restaurants.
Other property related to 1031 NNN Properties
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Images
Highlights
- Status:
- Available
- Price:
- $1,641,875
- PSF:
- $405
- Cap Rate:
- 8.00%
- Annual Rent:
- $131,350
- Rent Increases:
- 10% at year 5, 10, and 15. 10% first year of first extension and 10% first year of second extension
Property Information
- Building Size:
- 4,053 sq.ft.
- Property Type:
- Net Lease
- Industry Type:
- Restaurant
- Units/Spaces:
- 1
- Land Area:
- 1.12 acres
- Purchase Tenure:
- Fee Simple
Lease information
- Tenant:
- Pizza Hut Wing Street
- Lease Type:
- NNN
- Lease Commencement:
- 11/1/2007
- Lease Expiration:
- 10/31/2027
- Lease Term:
- 20 years
- Years Remaining:
- 17 years
- Landlord Responsibilities:
- NONE
- Options:
- Two (2) five (5) year renewal options
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.