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
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
Quick Glance
- Listing ID:
CL-Alabama-12335
- Status:
Active
- Year Build:
1992
- Building Size:
3,062 SqFt
- Lot Size:
37,026.00 Acre