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41125 Us Highway 72, Stevenson, AL

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DetailMap
41125 Us Highway 72

Stevenson, AL 35772-4560


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1976
Building Size:12,000 SF Land Area:1.19 AC (51,836 SF)
% Leased:
For Sale Price:$525,000 Price/SF:$43.75
Cap Rate:-
Smallest Space:2,800 SF Largest Space:2,800 SF Total Space Avail:2,800 SF Rent/SF/Yr:
$8.00


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
2,800 SF
$8.00/SF/Yr
Vacant
Negotiable
Retail
 
11748891
Marketing Flyer Marketing Flyer  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
2,800 SF
$8.00/SF/Yr
Vacant
Negotiable
Retail

Sale Notes:
This property is now for sale where previously we were only marketing the empty suite for lease. This is a great opportunity for an investor to have a great return or user/investor to have a business on site in the vacant suite with minimal or no rent.

When the vacant suite (2,800 SF) is leased, the property will have a 11% Cap Rate and an Internal Rate of Return (IRR) over over 40%. See pro forma which is attached. This assumes the suite is leased at $8/sf, NNN.

Dollar General (DG) has just (1/1/2018) extended their lease for a 5-year term and has two 3-year extension options. They have been at this location some 20-years. The DG lease has the following payment conditions: base rent is $35,472/yr and they pay property taxes and insurance and $2,700 of CAMS per year.

When the vacant suite is leased at $8/sf, NNN,an additional $22,400/yr of income is added.

KW Commercial
Robert K Fisher
(423) 664-1900


KW Commercial
Robert K Fisher
(423) 664-1900



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