• An Award Winning Net Lease & Retail Commercial Real Estate Group

Description

Marcus & Millichap is pleased to present for sale this fee simple, absolute net leased KFC in Enterprise, Alabama just a short drive West of Dothan and an hour’s drive South of Montgomery and is considered a principal city of the Dothan-Enterprise-Ozark Combined Statistical Area with a full time residential population of 36,000+ and an average house hold income exceeding $66,000, annually.

The subject property is being delivered with a newly signed 17 year absolute net (no landlord responsibility) lease with rare 1.5% annual increases including during the four, five – year Option Periods and is backed by a strong 4 unit KFC Operating Company.

Fronting US 84, this offering consists of a 1,872 sf building with full service drive up window with ample parking and is situated on .66 AC parcel featuring easy access and excellent visibility to daily traffic counts in excess of 25,000 vehicles daily along Boll Weevil Circle the strong traffic thoroughfare encircles the City of Enterprise.

This site is within the main retail corridor serving Coffee County and is in the immediate proximity of numerous regional and national retailers including; Wells Fargo, Zaxby’s, Ryan’s, Firehouse Subs, AT&T, Walmart, Taco Bell, Walgreens, Mc Donald’s, GameStop and directly across from Enterprise Shopping Center anchored by JC Penny, TJ Max, GOODY’S, Big Lots, Dollar Tree to name a few.

 

● KFC – 17 YEAR ABSOLUTE NNN LEASE WITH RARE 1.5% INCREASES EVERY FIVE YEARS
● ZERO LANDLORD RESPONSIBILITIES
● TRAFFIC COUNTS EXCEED 25,000 CARS PER DAY
● INGRESS AND EGRESS TO AND FROM BOLL WEEVIL CIRCLE
● OVER 36,000 FULL TIME RESIDENTS WITHIN THE MARKET AREA
● RARE ALABAMA QSR ASSET
● ABOVE AVERAGE HHI OF $66,000, ANNUALLY

 

Broker Of Record – GA
Eddie Greenhalgh | Title: Broker of Record | Marcus & Millichap | 15 Richard Arrington Jr Blvd N, Ste 300 | Birmingham, AL 35203 | Tel: (205) 510-9200 | Fax: (205) 510-9110 | License: 00008-8298

Property Documents

  • 617 Boll Weevil Circle, Enterprise, AL 36330
  • City: Enterprise
  • State/county: Alabama
  • Country: United States

Detail

  • Price: $982,600

Additional details

  • CAP Rate: 6.25%
  • NOI: $61,418