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Restaurant

Shrimp Basket

7814 Hwy 72 W, Madison, AL 35758

Listing Price: $2,776,000

Cap Rate
5.35%
Tenant Name
Shrimp Basket
Years Remaining On Lease
9.4
Gross SF
5,520
Guarantor
Franchisee Guarantee
Rentable SF
5,520
Price/Gross SF
$502.90
Lease Type
Absolute Net
Rent Per Square Feet
$26.90

Investment Overview

The subject property is located on a main retail thoroughfare with an excellent traffic counts of 45,745 VPD. It's situated on a large lot in the city of Madison (Huntsville MSA) AL, the fastest growing city in AL. Also, it's located in an affluent trade area with $138K AHHI & $119K AHHI within a 1-Mile & 3-Mile Radius. There are approximately 9.5 years remaining on absolute NNN lease with zero landlord responsibilities.

Investment Highlights

  • 9.5 Years remaining on Absolute NNN Lease
  • Large Lot - 2.11 Acres with Excellent Traffic Counts of 45,745 VPD
  • Affluent Trade Area - $138K AHHI & $119K AHHI within a 1-Mile & 3-Mile Radius
  • Approximately 1 Mile from Cliff Farm 550-Acre Mixed-Use Development Project
  • Fastest Growing City in AL (Huntsville MSA)

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Restaurant

Shrimp Basket

Listing Price: $2,776,000

Cap Rate
5.35%
Tenant Name
Shrimp Basket
Years Remaining On Lease
9.4
Gross SF
5,520
Guarantor
Franchisee Guarantee
Rentable SF
5,520
Price/Gross SF
$502.90
Lease Type
Absolute Net
Rent Per Square Feet
$26.90

Investment Highlights

  • 9.5 Years remaining on Absolute NNN Lease
  • Large Lot - 2.11 Acres with Excellent Traffic Counts of 45,745 VPD
  • Affluent Trade Area - $138K AHHI & $119K AHHI within a 1-Mile & 3-Mile Radius
  • Approximately 1 Mile from Cliff Farm 550-Acre Mixed-Use Development Project
  • Fastest Growing City in AL (Huntsville MSA)

Investment Overview

The subject property is located on a main retail thoroughfare with an excellent traffic counts of 45,745 VPD. It's situated on a large lot in the city of Madison (Huntsville MSA) AL, the fastest growing city in AL. Also, it's located in an affluent trade area with $138K AHHI & $119K AHHI within a 1-Mile & 3-Mile Radius. There are approximately 9.5 years remaining on absolute NNN lease with zero landlord responsibilities.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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