TROPICAL SMOOTHIE & COOKIE PLUG | 1425 McFarland Blvd
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TROPICAL SMOOTHIE & COOKIE PLUG 1425 McFarland Blvd
2,296 SF 100% Leased Retail Building Northport, AL 35476 $3,853,764 CAD ($1,678 CAD/SF) 6.25% Cap Rate
Investment Highlights
- 15-Year absolute NNN lease with zero landlord responsibilities.
- Brand new 2024 remodel for Tropical Smoothie & Cookie Plug.
- Located directly across from Alabama’s busiest Chick-Fil-A.
- 7.5% Rental increases every 5-years for the life of the lease.
- Single tenant building with a franchisee that is operating two concepts out of this location.
- Several national retailers including Walmart Neighborhood Market, Publix, Hobby Lobby, Harbor Freight and many more.
Executive Summary
Broker of Record
Kyle Matthews
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Kyle Matthews
License No. 000110253 - 0 (AL)
(866) 889-0550
Matthews Real Estate Investment Services, Inc
1600 West End,
Ste. 1500 Nashville, TN 37203
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,296 SF
Building Class
B
Year Built
2024
Price
$3,853,764 CAD
Price Per SF
$1,678 CAD
Cap Rate
6.25%
NOI
$240,860 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
0.51 AC
Opportunity Zone
Yes
Zoning
GC - Commercial
Parking
32 Spaces (13.94 Spaces per 1,000 SF Leased)
Frontage
108 ft on Mcfarland Blvd
Amenities
- 24 Hour Access
- Pylon Sign
- Signage
- Drive Thru
- Air Conditioning
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 31-02-10-2-005-004.000 | Improvements Assessment | $115,436 CAD |
Land Assessment | $30,195 CAD | Total Assessment | $145,630 CAD |
PROPERTY TAXES
Parcel Number
31-02-10-2-005-004.000
Land Assessment
$30,195 CAD
Improvements Assessment
$115,436 CAD
Total Assessment
$145,630 CAD
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TROPICAL SMOOTHIE & COOKIE PLUG | 1425 McFarland Blvd
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