Skip to main content

Restaurant

Captain D's

1115 Rucker Blvd, Enterprise, AL 36330

Listing Price: $1,078,996

Cap Rate
6.00%
Tenant Name
Captain D's
Years Remaining On Lease
2.4
Guarantor
Corporate Guarantee
Rentable SF
2,444
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.49

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Captain D’s located at 1115 Rucker Boulevard in Enterprise, Alabama. The site consists of roughly 2,444 rentable square feet of building space on estimated 0.63-acre parcel of land. This Captain D’s is subject to an absolute triple-net (NNN) lease, which commenced January 1st, 1980. The current minimum annual rent is $52,000 and is subject to additional rent of 6% of gross sales greater than $72,222 in each of the lease’s 12-month periods. Total annual rent paid in 2019, 2020, & 2021 was $59,005, $59,573, & $63,755, respectively, showing a steady increase in sales over this period. Due to the percentage rent the total rent received in 2021 was 7% greater than the total rent received in 2020. Additionally, in the Fall of 2019, the Tenant performed a remodel of the store showing a very strong commitment from the corporate tenant to continue operate at this location. The tenant has two (2) five (5)-year renewal options remaining.

Investment Highlights

  • Remodel done by Tenant in Fall of 2019 | Showing a Strong Commitment to this Location
  • Long Term Operating History | Tenant has Operated at this location for More than 42 Years
  • Absolute Triple Net (NNN) Lease wit Zero Landlord Responsibilities

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $1,078,996

Cap Rate
6.00%
Tenant Name
Captain D's
Years Remaining On Lease
2.4
Guarantor
Corporate Guarantee
Rentable SF
2,444
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$26.49

Investment Highlights

  • Remodel done by Tenant in Fall of 2019 | Showing a Strong Commitment to this Location
  • Long Term Operating History | Tenant has Operated at this location for More than 42 Years
  • Absolute Triple Net (NNN) Lease wit Zero Landlord Responsibilities

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for the Captain D’s located at 1115 Rucker Boulevard in Enterprise, Alabama. The site consists of roughly 2,444 rentable square feet of building space on estimated 0.63-acre parcel of land. This Captain D’s is subject to an absolute triple-net (NNN) lease, which commenced January 1st, 1980. The current minimum annual rent is $52,000 and is subject to additional rent of 6% of gross sales greater than $72,222 in each of the lease’s 12-month periods. Total annual rent paid in 2019, 2020, & 2021 was $59,005, $59,573, & $63,755, respectively, showing a steady increase in sales over this period. Due to the percentage rent the total rent received in 2021 was 7% greater than the total rent received in 2020. Additionally, in the Fall of 2019, the Tenant performed a remodel of the store showing a very strong commitment from the corporate tenant to continue operate at this location. The tenant has two (2) five (5)-year renewal options remaining.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower