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5615 Al Highway 68
Collinsville, AL 35961
Burger King - Collinsville, AL · Retail Property For Sale
Investment Highlights
- Brand New 20 Year Absolute Net Lease
- Healthy Rent to Sales Ratio
- Interstate Location
PROPERTY FACTS
- 207 FT on Alabama 51
- 199 FT on Alabama 68
About 5615 Al Highway 68 , Collinsville, AL 35961
Marcus & Millichap is pleased to present for sale this single-tenant, absolute triple-net lease Burger King Restaurant investment opportunity located at 5615 AL Hwy 68, Collinsville, Alabama. The property consists of 1.08 acres improved with an approximately 3,410-square foot building. The recently constructed restaurant will have a brand new 20-year lease at the close of escrow in place with a seasoned RBI Brands Franchisee operating over 200 restaurants. This Franchisee has been a Burger King and Popeyes operator of over a decade and is one of the fastest growing Franchisees in the system. In 2015, this operator was awarded “Franchisee of the Year”. Annual base rent is set at $131,750 with 7.5 percent rental increases every five years in the base term, as well as the four five-year renewal options.? The new restaurant sits directly off exit 205 on I-59 South. It is the first accessible restaurant property off of exit 205 from I-59 S. Collinsville, a agricultural town located in northeast Alabama. Collinsville is located roughly between industrial Gadsden, AL and metropolitan Chattanooga, TN ensuring both daytime and evening traffic. Nearby retailers include Mapco, Jack’s, BP and Travelers Inn.?
PROPERTY TAXES
Parcel Number | 33-02-03-0-000-017.002 | Improvements Assessment | $124,220 |
Land Assessment | $34,320 | Total Assessment | $158,540 |
PROPERTY TAXES
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Listing ID: 18252309
Date on Market: 1/21/2020
Last Updated:
Address: 5615 Al Highway 68, Collinsville, AL 35961