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Restaurant

HWY 55 Burger Shakes & Fries

1304 Woodward Ave, Muscle Shoals, AL 35661

Listing Price: $3,394,000

Cap Rate
5.25%
Tenant Name
HWY 55 Burger Shakes & Fries
Years Remaining On Lease
19.9
Gross SF
2,989
Guarantor
Corporate Guarantee
Rentable SF
2,989
Price/Gross SF
$1,135.50
Lease Type
Absolute Net
Rent Per Square Feet
$59.61

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Latest store prototype with contactless drive-thru - National retailers nearby that include Walmart, Aldi, Walgreens, etc. - Affluent and dense market › Population (±): 5,169 (1-mi); 29,115 (3-mi); 48,622 (5-mi) › AHHI (±): $64,879 (1-mi); $64,681 (3-mi); $60,669 (5-mi) ESTABLISHED & GROWING BRAND - Operating history of 30+ years - Headquartered in Mount Olive, NC - 130+ locations across 17 states OPTIMAL LEASE STRUCTURE - Attractive 20-year base term - Three (3), 5 year renewal terms - 10% rent escalations every 5 years throughout entire lease - Absolute NNN lease with NO LL responsibilities - Corporate guarantee + 5 year PG from the company’s founder 5 THE SHOALS MSA - ECONMIC DRIVERS - Industrial: DURA Automotive Systems › Invests $59 M to open facility in Muscle Shoals › Creates ±300 new jobs - Entertainment: Music › ± 60,000 tourists visited Muscle Shoals’ FAME Studios, Sheffield’s Muscle Shoals Sound Studio, and Tuscumbia’s Alabama Music Hall of Fame in 2020 - Education: The University of North Alabama › Annual impact of of $280 M

Investment Highlights

  • - Latest store prototype with contactless drive-thru
  • - National retailers nearby that include Walmart, Aldi, Walgreens, etc.
  • - Absolute NNN lease with NO LL responsibilities

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

HWY 55 Burger Shakes & Fries

Listing Price: $3,394,000

Cap Rate
5.25%
Tenant Name
HWY 55 Burger Shakes & Fries
Years Remaining On Lease
19.9
Gross SF
2,989
Guarantor
Corporate Guarantee
Rentable SF
2,989
Price/Gross SF
$1,135.50
Lease Type
Absolute Net
Rent Per Square Feet
$59.61

Investment Highlights

  • - Latest store prototype with contactless drive-thru
  • - National retailers nearby that include Walmart, Aldi, Walgreens, etc.
  • - Absolute NNN lease with NO LL responsibilities

Investment Overview

STRONG REAL ESTATE FUNDAMENTALS - Latest store prototype with contactless drive-thru - National retailers nearby that include Walmart, Aldi, Walgreens, etc. - Affluent and dense market › Population (±): 5,169 (1-mi); 29,115 (3-mi); 48,622 (5-mi) › AHHI (±): $64,879 (1-mi); $64,681 (3-mi); $60,669 (5-mi) ESTABLISHED & GROWING BRAND - Operating history of 30+ years - Headquartered in Mount Olive, NC - 130+ locations across 17 states OPTIMAL LEASE STRUCTURE - Attractive 20-year base term - Three (3), 5 year renewal terms - 10% rent escalations every 5 years throughout entire lease - Absolute NNN lease with NO LL responsibilities - Corporate guarantee + 5 year PG from the company’s founder 5 THE SHOALS MSA - ECONMIC DRIVERS - Industrial: DURA Automotive Systems › Invests $59 M to open facility in Muscle Shoals › Creates ±300 new jobs - Entertainment: Music › ± 60,000 tourists visited Muscle Shoals’ FAME Studios, Sheffield’s Muscle Shoals Sound Studio, and Tuscumbia’s Alabama Music Hall of Fame in 2020 - Education: The University of North Alabama › Annual impact of of $280 M

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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