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465 Pike Street, Monroeville, AL

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DetailMap
465 Pike Street

Monroeville, AL 36460


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:-
Building Size:53,000 SF Land Area:7.64 AC (332,798 SF)
% Leased:
For Sale Price:$1,492,964 Price/SF:$28.17
Cap Rate:10.00 %
Smallest Space:13,550 SF Largest Space:13,550 SF Total Space Avail:13,550 SF Rent/SF/Yr:
Negotiable


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
13,550 SF
Negotiable
Vacant
Negotiable
Retail
 
8735802
Marketing Flyer Marketing Flyer  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
13,550 SF
Negotiable
Vacant
Negotiable
Retail

Sale Notes:
Marcus & Millichap, as exclusive agent to the Seller, is offering for sale a 51,935 square foot Tractor Supply & Farmer's Home Furniture anchored shopping center positioned on 7.64 acres in Monroeville, Alabama. The subject property is a former Walmart that was converted into a 3 tenant shopping center. Walmart relocated into a Supercenter 2.8 miles south of the subject property. The roof was replaced less than 4 years ago and the parking lot has been recently resealed and restriped and both tenants are responsible for the maintenance of their own HVAC systems. This offering presents an investor the opportunity to achieve cash on cash returns of 16% with little management responsibilities.

Marcus & Millichap Inc
Andrew Chason
(251) 929-7254


JLL
Allen Garstecki
(251) 301-7369

Buff Teague
(251) 341-1600 x2



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