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833 Main Street SW, Hanceville, AL

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DetailMap
833 Main Street SW

Hanceville, AL 35077-5470


Property Type:Retail Sub Type:Storefront Status:Existing Year Built:2003
Building Size:16,225 SF Land Area:4.44 AC (193,406 SF)
For Sale Price:$1,150,000 Price/SF:$70.88
Cap Rate:8.46 %



Sale Notes:
Investment Overview
Subject Property is a +/- 16,225 sf 100% occupied Retail Strip Center located at 822 Main St. in Hanceville, AL. The property sits on a massive 4.44 acres parcel leaving plenty of room for expansion. The current tenant line up is an ideal mix of national and local tenants, all of which operate with Triple Net Leases. O’Reilly Auto Parts occupies over 37% of the center and has over 10 years remaining on their base term. Other tenants include At&t, Lupe’s, and Coin Laundry.

Location
Subject Property is located directly across the street from Wallace State College. With enrollment around 6,000 this provides the property with an economic safety blanket. The area further benefits by new development. Properties like Dollar General Market, Dairy Queen and Jack’s were all recently developed or renovated.

Upside
Subject property provides investors with a stable income with upside. The 4+ acres lot provides investors with an opportunity to place an outparcel or expand the current property.

Marcus & Millichap
Chapman Brown
(205) 510-9123

Eddie Greenhalgh
(205) 510-9111




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