Restaurant
Taziki's Florence, AL
261 Cox Creek Pkwy, Florence, AL 35630
Listing Price: $2,499,000
Investment Overview
Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Taziki’s restaurant investment opportunity located in Florence, AL. The property consists of approximately 0.55 acres improved with a 3,232 square foot building. The restaurant was completely renovated in 2017.
This Taziki’s is operated by Fresh Hospitality. They own/ operate Multiple Taziki’s in the Southeast as well as many other restaurant brands. The Annual base rent is set at $194,892 with 10% percent rental increases every 5 years.
Florence, AL is benefiting from the population growth of North Alabama. Situated just 120 miles south of Nashville, 60 miles West of Huntsville, and 120 miles from Birmingham. Nashville and Huntsville are two of the Southeastern United States fastest growing cities.
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
Listing Price: $2,499,000
Investment Highlights
- Absolute NNN Taziki's Restaurant in Florence, AL
- 3,232 Sq Ft building with frontage on Cox Creek Parkway
- 12 years remaining on 20-year lease
Investment Overview
Marcus & Millichap is pleased to present for sale this single tenant, absolute triple-net Taziki’s restaurant investment opportunity located in Florence, AL. The property consists of approximately 0.55 acres improved with a 3,232 square foot building. The restaurant was completely renovated in 2017. This Taziki’s is operated by Fresh Hospitality. They own/ operate Multiple Taziki’s in the Southeast as well as many other restaurant brands. The Annual base rent is set at $194,892 with 10% percent rental increases every 5 years. Florence, AL is benefiting from the population growth of North Alabama. Situated just 120 miles south of Nashville, 60 miles West of Huntsville, and 120 miles from Birmingham. Nashville and Huntsville are two of the Southeastern United States fastest growing cities.
Broker of Record
-
Eddie Greenhalgh
Senior Managing Director Investments
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