RealSource Facilitates $3M Sale of New Restaurant in Gadsden, Alabama Leased to Starbucks
RealSource Group Facilitates $3 Million Starbucks Purchase in Gadsden, Alabama
Gadsden, Ala. — RealSource Group announced the successful facilitation of a $3 million sale for a newly constructed Starbucks located at 720 Gilbert Ferry Road SE. This drive-thru restaurant, spanning 2,500 square feet, is situated on a 1.2-acre site conveniently near Interstate 59 and Interstate 759, approximately 60 miles northeast of Birmingham.
The building features not only a drive-thru service but also outdoor patio seating, enhancing the customer experience. It is leased to Starbucks under a 10-year agreement, with built-in rent increases of 10 percent every five years. The strategically designed restaurant was completed in the previous year, signaling a strong investment potential for the future.
RealSource Group’s Austin Blodgett and Jonathan Schiffer, along with ParaSell Inc., represented both the private investor from Ohio and the Tampa-based developer in this transaction. Details regarding the identities of both parties remain undisclosed.
The deal underscores RealSource Group’s robust role in commercial real estate, particularly in facilitating significant transactions that enhance urban development and business opportunities in Gadsden and its surrounding areas. This investment not only adds a well-known brand to the local landscape but also contributes to the economic growth of the region.
Read the complete article here: https://rebusinessonline.com/realsource-facilitates-3m-sale-of-new-restaurant-in-gadsden-alabama-leased-to-starbucks/
