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708 E Main Street - Pratt Plaza Shopping Center - CVS, Prattville, AL

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708 E Main Street - Pratt Plaza Shopping Center - CVS

Prattville, AL 36067-3620 - Prattville/Millbrook Submarket

Property Type:Retail Sub Type:Drug Store Status:Existing Year Built:2010
Building Size:13,225 SF Land Area:1.28 AC (55,548 SF)
For Sale Price:$3,716,811 Price/SF:$281.04
Cap Rate:8.53 %
Parking:Free Surface spaces are available; Ratio of 2.57/1,000 SF Anchor Tenants:CVS Pharmacy
Features:Pylon Sign, Drive Thru

Sale Notes:
Pegasus Investments, as exclusively authorized representative of Seller, is pleased to offer the rare opportunity to acquire a single tenant zero cash flow CVS Pharmacy in Prattville, AL. The deal features assumable, self-amortizing financing with a fixed interest rate allows investor to achieve a fully paid off property by the end of the lease term and assumes no interest rate risk. The advantageous paydown structure allows for low equity contributions with high long-term return on initial investments. Additionally, the re-advance structure allows withdrawal of money over and above percentage over the debt.

Pegasus Investments
Aaron Aszkenazy
(310) 691-1350 x103

David Chasin
(310) 691-1350 x101

Tony Veiller
(310) 691-1350 x113

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