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Restaurant

Guthrie's

1305 Columbus Pkwy, Opelika, AL 36804

Listing Price: $1,971,400

Cap Rate
7.00%
Tenant Name
Guthrie's
Years Remaining On Lease
13.7
Gross SF
2,000
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Price/Gross SF
$985.70
Lease Type
Absolute Net
Rent Per Square Feet
$69.00

Investment Overview

Guthrie's, a highly sought-after property offering passive income with no landlord responsibilities. Located on a bustling section of Columbus Parkway, with over 26,700 vehicles passing daily. Positioned in a thriving retail corridor, Guthrie's is surrounded by renowned national retailers such as McDonald's, Taco Bell, Burger King, and more. A new 15-year lease will be executed at the close of escrow, featuring rent increases every 5 years, providing a hedge against inflation. Not only does Guthrie's boast excellent visibility and access, but it also enjoys maximum advertising exposure with billboard signage on I-85 and Columbus Parkway, captivating an impressive combined total of 77,000 vehicles daily. Furthermore, the property benefits from a prime location in an area with over 33,000 residents within a 5-mile radius, boasting an average annual household income of over $73,000. With a projected 10% population growth between 2022-2027 within a 1-mile radius.

Investment Highlights

  • Absolute Net (NNN) Top Performing Guthrie's With Zero Landlord Responsibilities Located on a Heavily Trafficked Section of Columbus Parkway With More Than 26,700 Vehicles Passing Daily
  • A New 15 Year Lease will be Executed at the Close of Escrow and will Feature 10% Rent Increases Every 5-Years to Hedge Against Inflation
  • This Site is in the Center of an Area Undergoing a Surge in New Development and is Positioned as an Outparcel to a 23-Acre Parcel Ready to be Developed into a Commercial or Residential Use
  • Subject Property is Surrounded by a Host of the Nation's Most Successful Retailers Including McDonald's, Taco Bell, Burger King, Krystal RaceTrac, Exxon, and Many More
  • Tenant has Billboard Signage on I-85 and Columbus Parkway with a Combined 77,000 Vehicles Passing Daily Providing Maximum Advertising Exposure and is Positioned Within Immediate Access from Exit 62 coming off I-85
  • Situated in an Area with Over 33,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $73,000 and a 10% Population Growth Expected Between 2022-2027 within a 1-Mile Radius

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $1,971,400

Cap Rate
7.00%
Tenant Name
Guthrie's
Years Remaining On Lease
13.7
Gross SF
2,000
Guarantor
Franchisee Guarantee
Rentable SF
2,000
Price/Gross SF
$985.70
Lease Type
Absolute Net
Rent Per Square Feet
$69.00

Investment Highlights

  • Absolute Net (NNN) Top Performing Guthrie's With Zero Landlord Responsibilities Located on a Heavily Trafficked Section of Columbus Parkway With More Than 26,700 Vehicles Passing Daily
  • A New 15 Year Lease will be Executed at the Close of Escrow and will Feature 10% Rent Increases Every 5-Years to Hedge Against Inflation
  • This Site is in the Center of an Area Undergoing a Surge in New Development and is Positioned as an Outparcel to a 23-Acre Parcel Ready to be Developed into a Commercial or Residential Use
  • Subject Property is Surrounded by a Host of the Nation's Most Successful Retailers Including McDonald's, Taco Bell, Burger King, Krystal RaceTrac, Exxon, and Many More
  • Tenant has Billboard Signage on I-85 and Columbus Parkway with a Combined 77,000 Vehicles Passing Daily Providing Maximum Advertising Exposure and is Positioned Within Immediate Access from Exit 62 coming off I-85
  • Situated in an Area with Over 33,000 People Living Within a 5-Mile Radius with an Average Annual Household Income Exceeding $73,000 and a 10% Population Growth Expected Between 2022-2027 within a 1-Mile Radius

Investment Overview

Guthrie's, a highly sought-after property offering passive income with no landlord responsibilities. Located on a bustling section of Columbus Parkway, with over 26,700 vehicles passing daily. Positioned in a thriving retail corridor, Guthrie's is surrounded by renowned national retailers such as McDonald's, Taco Bell, Burger King, and more. A new 15-year lease will be executed at the close of escrow, featuring rent increases every 5 years, providing a hedge against inflation. Not only does Guthrie's boast excellent visibility and access, but it also enjoys maximum advertising exposure with billboard signage on I-85 and Columbus Parkway, captivating an impressive combined total of 77,000 vehicles daily. Furthermore, the property benefits from a prime location in an area with over 33,000 residents within a 5-mile radius, boasting an average annual household income of over $73,000. With a projected 10% population growth between 2022-2027 within a 1-mile radius.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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