Flipdaddy’s Orange Beach, AL

24221 Perdido Beach Boulevard
Orange Beach, AL

Price: $3977000
Cap Rate: 7.65%
NOI: $304,197
Building Size: Approx. 6000 Sq. Ft.
Lot Size: Approx. 1.63 Acres
Type: Single-Tenant / Retail
Sub Category: Casual Dining
Year Built: 2017

Investment Overview

  • New Construction. 6,000+/- SF Building on 1.63+/- Acre Site
  • 20-Yr Abs NNN Lease w/ 10% Rent Bumps Every 5-Yrs
  • Located along Perdido Beach Blvd “HWY 182” (18,000 VPD)
  • 5-Mile Radius: 40-High Rises | 1.5-Million Annual Visitors
  • Subject property is within walking distance to the Seaside Beach
  • Tourism: 5-Million+ Ann/Visitors & Injects $3 Billion to the local Eco.
  • Local Attractions: Golf State Park | The Wharf | Orange Beach Island
  • 3-Mile Radius: 2017 Est 728 Busi w/ 6,144 Empl  l Avg. HH Income: $79,245
  • Orange Beach is located 57-Miles S of Mobile, AL & 73-Mies W of Destin, FL

Copyright © 2024 Secure Net Lease.