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t r a n s l a t e

Freestanding Papa Johns | ±1,993 SF | 5.9% Cap Rate

702 Pelham Road
Jacksonville, AL 36265
PRICE : $370,000
CAP RATE: 5.9%
PROPERTY TYPE: Retail
SITE SIZE: 0.50 Acres
BUILDING SIZE: 1,993 SF
YEAR BUILT: 1976

Highlights

  • ±1,993 SF freestanding Papa Johns restaurant in Jacksonville, AL
  • Leased by the largest franchisee of Papa Johns
  • Strong sales history
  • Situated on the corner site of a bustling retail corridor
  • Low maintenance building
  • Traffic counts of 26,597 VPD on Pelham Road

Description

Bull Realty is pleased to present this ±1,993 SF freestanding Papa Johns in Jacksonville, AL, near Jacksonville State University. This Papa Johns location is leased by the largest franchise of Papa John’s International with 153 stores in Alabama, Louisiana, Texas, Tennessee, Missouri, Illinois, Mississippi, Ohio, Utah and Virginia. The tenant bought out all of the seller’s locations in the beginning of 2017, and the location has been in successful operation as Papa Johns since 2013.

Jacksonville, AL is approximately 13 miles north of Anniston, AL, and Pelham Road is the main road through town. Situated on a corner site, neighboring retailers include, Chick-fil-A, Starbucks, Verizon Wireless and Huddle House. Limited landlord responsibilities and the tenant’s high sales volume make this an attractive opportunity to own a stand alone retail building with a
strong tenant at a relatively low cost.

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