Published on: Monday, October 7, 2024
Updated on: Wednesday, March 12, 2025
 Share  Tweet
About the Lister
User Profile Image
Name: Jack Cornell
Company: SRS Real State Partners
Office Phone: (801) 410-1621
Cell Phone: (801) 410-1621
Provide Your Service
Financing  Business  Material
  Captain D's Seafood - Decatur, AL
1236 Beltline Rd SW Decatur Alabama , 35601
1236 Beltline Rd SW Decatur Alabama                                                                                             , 35601  SRS Real State Partners
Listing ID: CL-Alabama-12335

Purchase Option

Acquisition Option: Traditional Purchase
Cap Rate (%): 7.07
Net Operating Income: $119,920.00
Commission Split (%): 0
Quick Glance
Listing ID: CL-Alabama-12335
Status: Accepting Offers
Financing: Third Party Financing
Occupancy: 100%
Year Build: 1992
Building Size: 3,062.00 SqFt
Lot Size: 37,026.00 SqFt.
No of Stories: 1
No of Parking: 56
Offer to Millionaire Club: No
Business Available for Sale: Yes
Is Net Lease Investment: Yes
Property On Ground Lease: No
Building Status: Existing
Attached Documents
  • Download | Decatur AL - Captain D's Seafood Flyer.pdf ( 2,681.76KB)
Listing Summary
The tenant, Captain D’s LLC, recently exercised an early extension option, extending the lease an additional 5 years (11 years total), and has 2 (10-year) options remaining, demonstrating their commitment to the site
Complete Details
Year Build: 1992
Building Size: 3,062 SqFt.
No of Stories: 1
Total Lot Area: 37026 SqFt.
No of Parking: 56
No of Total Units: 1
Property Current Status: Normal Sale
Building Status: Existing
Heating and Cooling: Not Specified
Building Class: Not Specified
Property on Ground Lease?: No
Net Lease Investment?: Yes
Business Price Included?: Yes
Roofing: Not Specified
Occupancy: 100%
Full Description

Description: The tenant, Captain D’s LLC, recently exercised an early extension option, extending the lease an additional 5 years (11 years total), and has 2 (10-year) options remaining, demonstrating their commitment to the site The lease features 1.25% annual rental increases throughout the initial term and option periods, growing NOI and hedging against inflation Captain D’s is the nation’s leading fast casual seafood restaurant with 540+ locations nationwide Location: The site is strategically located along Beltline Road (37,500 VPD), the primary retail thoroughfare serving the city of Decatur, featuring tenants such as Home Depot, Walmart Supercenter, Target, Ross, ALDI, and Kroger The tenant receives significant crossover retail exposure from the surrounding national/credit retailers and fast-food tenants including Chick-fil-A, McDonald’s, Taco Bell, Starbucks, and Dutch Bros, all within 1-mile of the site 1,200+ apartment and multi-family units within 2-miles of the property

Additional Properties
Property Highlights
  • Recent 5 Year Extension | Annual Increases | Options To Extend | Well-Known & Established QSR Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Excellent Visibility & Access | 37,500 VPD Retail Thoroughfare | National/Credit Tenants | Direct Consumer Base
  • Strong Demographics In 5-Mile Trade Area
Features
  • Lease Term: 32.2 years
  • Lease Commencement: 06/13/2003 - Lease Expiration: 08/31/2035
  • Zoning M-1A - Light Industrial
  • Rent Bumps 1.25% annual rental increases throughout the initial term and option periods
  • APN 02-07-36-4-002-010.001
  • Ownership Fee Simple (Land & Building)
Actual - Cash Flow
Cash Flow Year Gross Income Effective GrossIncome Operating Expenses Net Operating Income Pre Tax Cash Flow Cap Rate
2024
$0.00
$0.00
$0.00
$119,920.00
$0.00
0%
Cash Flow for Current Listings
Listing Location
Lister's other Properties
Address: 35964 Winchester Rd , Winchester California 92596
Listing ID: CL-California-14542
Listing Type: Commercial
Category: Retail - Automotive
Status: Accepting Offers
Created On: 3/12/2025
Modified On: 3/12/2025
35964 Winchester Rd , Winchester California                                                                                           92596
Address: 1275 N. Hill Field Road , Layton Utah 84041
Listing ID: CL-Utah-14539
Listing Type: Commercial
Category: Retail - Free Standing
Status: Accepting Offers
Created On: 3/12/2025
Modified On: 3/12/2025
1275 N. Hill Field Road , Layton Utah                                                                                                 84041
Address: 17550 Hwy 19 , New London Missouri 63459
Listing ID: CL-Missouri-14538
Listing Type: Commercial
Category: Land - Commercial
Status: Accepting Offers
Created On: 3/12/2025
Modified On: 3/12/2025
17550 Hwy 19 , New London Missouri                                                                                             63459
Address: 1834 W. Grant Street , Phoenix Arizona 85007
Listing ID: CL-Arizona-13402
Listing Type: Commercial
Category: Convenience Stores/Gas Station - C-Store & Restaurant
Status: Accepting Offers
Created On: 12/30/2024
Modified On: 3/12/2025
1834 W. Grant Street , Phoenix Arizona                                                                                              85007
Title: Alorica
Address: 4315 Pickett Rd , Saint Joseph Missouri 64503
Listing ID: CL-Missouri-12913
Listing Type: Commercial
Category: Industrial - R&D Park
Status: Sold
Created On: 11/22/2024
Modified On: 3/12/2025
4315 Pickett Rd , Saint Joseph Missouri                                                                                             64503