702 Pelham Road S, Jacksonville, AL

Retail for Sale - $350,000 - 1,993 Sq. Ft. on 0.5 acres

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #973744
Location702 Pelham Road S
Jacksonville AL 36265
Last UpdatedFebruary 9th, 2018
TypeRetail
Price$350,000
Building1,993 Sq. Ft.
Land0.5 acres

Contact


Property Description

This stand-alone Papa John's is leased by their largest franchisee since February 2017. This franchisee bought out the number 4 franchisee in the beginning of 2017, so the location has been in successful operation as Papa John's since 2013.

Limited landlord responsibilities and the tenant's high sales volume make this an attractive opportunity to own a stand-alone retail building with a strong tenant at a relatively low cost.

Location Description:

Jacksonville, Alabama is approximately 13 miles north of Anniston, Alabama, and Pelham Road is the main road through town. Located on a pin corner, neighboring retailers include Winn Dixie, Verizon Wireless, and Hardee's.

Highlights:

>> Largest franchisee for Papa John's

>> 6% cap rate

>> Great sales history

>> Stand-alone building on a corner lot

>> Low maintenance building

>> Five years remaining on the lease

>> 2 five year options at 10% escalations

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