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Jack’s Ground Lease, Eufaula, AL

Jack’s Ground Lease

Price $843,000
Cap Rate 4.75%
NOI $40,000
Lease Term 20 years
Lease Type Absolute NNN, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years
Year Built 2019
Building Size 3,522 SF
Lot Size 0.8 acres (34,848 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

LONG-TERM ABSOLUTE NNN GROUND LEASE TO CORPORATE TENANT
» New 20-year lease with four five-year option periods
» No landlord management, ideal for an out-of-area investor
» 10% rental increases every five years, providing a hedge against inflation

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Conveniently located on South Eufaula Avenue, Eufaula’s main north-south thoroughfare, with excellent access and visibility to 28,420 vehicles per day
» In the city’s primary retail corridor near notable regional and national retailers
» Nearby retailers include Winn-Dixie, Tractor Supply, Goody’s, Farmers Home Furniture, Marvin’s, Cato, Piggly Wiggly, Dollar Tree, Aaron’s, McDonald’s, AutoZone, and many more

CENTRAL LOCATION WITH STRONG CUSTOMER BASE
» Less than one mile from downtown Eufaula
» Easy access to Walter F. George Lake, also known as Lake Eufaula, which is a popular tourist attraction, drawing nearly 4 million visitors annually
» Close to industrial regions that are home to some of the area’s largest employers, including Johnson Outdoors (209 employees), Southern Plastics (150 employees), and M.C. Dixon Lumber Company (111 employees)

NEW 2019 CONSTRUCTION WITH DRIVE-THRU
» High-quality 2019 construction featuring dedicated drive-thru
» Built by tenant at tenant’s expense, showing long-term commitment to the location
» New building, limiting near-term deferred maintenance or capital costs



Property Description

The property is conveniently located on South Eufaula Avenue, Eufaula’s main north-south thoroughfare, with excellent access and visibility to 28,420 vehicles per day. The property is in the city’s primary retail corridor and is near notable regional and national retailers. Across from the property is a shopping center anchored by Winn-Dixie, Tractor Supply, and Goody’s. Two more shopping centers featuring Farmers Home Furniture, Marvin’s, Cato, Piggly Wiggly, and Dollar Tree are within walking distance. Other notable retailers located near the property include Family Dollar, O’Reilly Auto Parts, Aaron’s, McDonald’s, AutoZone, and many more.

The property is centrally located less than one mile from downtown Eufaula. The property enjoys easy access to Walter F. George Lake, also known as Lake Eufaula, which is a popular tourist attraction, drawing nearly 4 million visitors annually. The property is also close to industrial regions that are home to some of the area’s largest employers, including Johnson Outdoors (209 employees), Southern Plastics (150 employees), and M.C. Dixon Lumber Company (111 employees).

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