107 Compromise Ct
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107 Compromise Ct
1,500 SF Retail Building Phenix City, AL 36870 $2,584,000 ($1,723/SF) 5.50% Cap Rate
Investment Highlights
- ABSOLUTE NET LEASE WITH NO LANDLORD RESPONSIBILITIES
- 18+ YEARS OF REMAINING LEASE TERM PLUS (4) 5-YEAR OPTIONS
- GUARANTEED BY 70+ UNIT OPERATOR WITH $18 MILLION+ PERSONAL NET WORTH
Executive Summary
Located directly adjacent to a Walmart Neighborhood Market, the property is part of a new development that is home to several national tenants, including Dollar Tree, Popeyes Louisiana Kitchen, Taco Bell and a Snappy’s Express Car Wash. The site is across the street from Ladonia Elementary School, the Ladonia Volunteer Fire Department, and the Ladonia Youth Sports complex, which features a football field and three baseball diamonds. The property sits on US Route 80, a major east-west highway that traverses the entire state of Alabama and ends in Dallas, Texas. More than 24,000 vehicles per day pass the property, which has excellent visibility and benefits from a dedicated turning lane into the development from Route 80. The site is located just seven miles west of Columbus, Georgia, which is the third-largest city in Georgia and is home to more than 325,000 residents.
The property is operated by a 70-unit franchisee that has been named Sonic’s Franchisee of the Year several times, and the lease is guaranteed personally by the franchise operator, who has a personal net worth greater than $18 Million.
The property is operated by a 70-unit franchisee that has been named Sonic’s Franchisee of the Year several times, and the lease is guaranteed personally by the franchise operator, who has a personal net worth greater than $18 Million.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
1,500 SF
Building Class
C
Year Built
2022
Price
$2,584,000
Price Per SF
$1,723
Cap Rate
5.50%
NOI
$142,043
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Land Acres
0.71 AC
Zoning
PD - Planned Development
Parking
25 Spaces (16.67 Spaces per 1,000 SF Leased)
Frontage
365 FT on U.S. 80
PROPERTY TAXES
Parcel Number | 04-06-13-02-001-001.002 | Improvements Assessment | $0 |
Land Assessment | $115,558 | Total Assessment | $115,558 |
PROPERTY TAXES
Parcel Number
04-06-13-02-001-001.002
Land Assessment
$115,558
Improvements Assessment
$0
Total Assessment
$115,558
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107 Compromise Ct
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