8368 Highway 72 W | Madison, AL 35758
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8368 Highway 72 W
Madison, AL 35758
Walk-On's · Retail Property For Sale
Investment Highlights
- New 15-Year Absolute NNN Lease
- Outparcel to the 550-Acre Clift Farm Mixed-Use Development
- Nearby Major Retailers - Walmart, Lowe's, Target & More
- Corporate Guaranty by DBMC
- Great Visibility on Hwy 72 West
- Co-Owned by Super Bowl XLIV MVP QB Drew Brees
Executive Summary
Northmarq is pleased to offer to qualified investors the opportunity to acquire a single tenant, Absolute Net leased Walk-On's Sports Bistreaux (the “Property”) located in Madison County, Madison (Huntsville), AL. Walk-On's signed a 15-Year Lease that features 10% rent increases every 5 years plus four 5-Year Options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
8,538 SF
Building Class
B
Year Built
2023
Price
$11,826,775 CAD
Price Per SF
$1,385 CAD
Cap Rate
6.65%
NOI
$786,481 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.45 AC
PROPERTY TAXES
| Parcel Number | 15-09-29-0-001-006.243 | Improvements Assessment | $762,927 CAD |
| Land Assessment | $590,385 CAD | Total Assessment | $1,353,313 CAD |
PROPERTY TAXES
Parcel Number
15-09-29-0-001-006.243
Land Assessment
$590,385 CAD
Improvements Assessment
$762,927 CAD
Total Assessment
$1,353,313 CAD
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