966 Gilbert Ferry Rd | Attalla, AL 35954
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966 Gilbert Ferry Rd
Attalla, AL 35954
Arby's (Corp. - Just Remodeled & Lease Ext.) · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Absolute NNN Lease with Corporate Guarantee from Arby's Restaurant Group - Arby's Just Agreed to Extend the Lease an Additional 10 Years Through April
- Extremely Strong Store Sales and Very Healthy Rent/Sales Ratio (See Agent for Details)
- Placer.ai Ranks This Restaurant In the 94th Percentile Nationally (179th Out of 3,117)
- Full Remodel in 2024 at Cost of More than $600,000
- Hard Corner, Signalized Intersection Location Directly Across from Walmart
EXECUTIVE SUMMARY
Marcus & Millichap is proud to offer for sale the Arby’s fast-food restaurant located in Attala, Alabama at 966 Gilbert Ferry Road Southeast. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is corporate guaranteed by Arby’s which is headquartered in Atlanta, Georgia. The 20-year lease was originally signed in 2006 and Arby’s recently agreed to extend the lease an additional 10 years through April 2036. In 2024 Arby's completed a full remodel of the building to their latest prototype. The remodel cost was valued at more than $600,000. The lease includes 10% rent bumps every five years throughout the lease and the option periods.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
3,045 SF
Building Class
C
Year Built/Renovated
2005/2024
Price
$2,208,000
Price Per SF
$725
Cap Rate
5.40%
NOI
$119,257
Tenancy
Single
Building Height
1 Story
Building FAR
0.08
Lot Size
0.85 AC
Parking
30 Spaces (9.85 Spaces per 1,000 SF Leased)
Frontage
71 FT on Gilbert Ferry Rd
AMENITIES
- Pylon Sign
- Signalized Intersection
- Drive Thru
PROPERTY TAXES
| Parcel Number | 16-01-11-0-001-016.002 | Improvements Assessment | $87,680 |
| Land Assessment | $60,380 | Total Assessment | $148,060 |
PROPERTY TAXES
Parcel Number
16-01-11-0-001-016.002
Land Assessment
$60,380
Improvements Assessment
$87,680
Total Assessment
$148,060
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