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Whataburger

$2,900,000

2765 Doctor John Haynes Drive, Pell City, AL 35125

Pending
Last Updated: 02/12/2025

6.25

Cap Rate

181,250

NOI

Details:
Cap Rate:    6.25%
NOI:    $181,250
Building Size:    3,360 sqft
Lot Area:    1.72 acres
Occupancy:    100%
Lease Type:    Absolute Net
Year Built:    2024
Tenancy:    Single
Lease Expire Year:    2045
Highlights:
  • Brand New 20-Year Absolute NNN Ground Lease
  • 10% Rent Increases Every 5-Years During Primary Lease Term & Options
  • Open 24-Hours | Dominant Retail Hub Location
  • Brand New Construction | Latest Building Design
Description:

* Brand New 20-Year Absolute NNN Ground Lease
- Brand New 20-Year Absolute NNN Ground LeaseNo Landlord management or maintenance obligations whatsoever
- Passive long-term lease shall commence upon Close of Escrow offering a new investor the maximum attainable term


* 10% Rent Increases Every 5-Years During Primary Lease Term & Options
- Providing long-term and predictable rent growth


* Open 24-Hours | Dominant Retail Hub Location
- Situated immediately off Interstate 20 (53,000+ VPD)
- Surrounded by national retailers and hotels including TJ Maxx, Ross Dress-for-Less, The Home Depot, Walmart Supercenter, Hobby Lobby, Old Navy,and many more

* Brand New Construction | Latest Building Design
- Modernized building design includes a dual-lane drive-through that significantly expedites ordering and can help increase volumes


* Birmingham Alabama MSA Location: Called a Top Tier Location for Dining and Drinking by Wine Enthusiast
- Pell City is situated 40 minutes east of Birmingham and part of theBirmingham MSA
- The uptown Neighborhood of Birmingham was recently recognized by Forbes as the ”Neighborhood to Watch”


* Whataburger - Renowned Burger Chain & Rapidly Expanding
- Privately owned American fast-food chain with over 1,000 locations
- Headquartered in San Antonio and currently operating in 15 States
- Annual sales revenues exceed $3.7 Billion
- Consistently Ranked in the Top 25 Fast Food chains in the U.S.


AL Broker of Record: AL Broker of Record: Eddie Greenhalgh
License: 000088298-0

Map:
Documents:
Title
Whataburger-Pell_City_OM.pdf
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Location
Gallery