1205 W Meighan Blvd - Convenience Store FOR SALE


Gadsden, AL 35901
$2,625,000 USD
469-729-6441
1205 W Meighan Blvd, Gadsden, AL for Sale
$2,625,000 USD
Convenience Store - FOR SALE
1/5
null | 6% Cap Rate

1205 W Meighan Blvd
Gadsden, AL 35901


HIGHLIGHTS

  • 1997 Construction. 2,733+/- SF Building on 1.05+/- Acre Site
  • Prime Positioning with 36,025 VPD – Property Benefits from Direct Frontage on West Meighan Boulevard
  • Established National Retail Corridor Anchored by Walmart and Daily-Needs Retailers Such as Dollar General, Family Dollar, Napa Auto Parts, & More
  • Near Healthcare, Education, and Tourism Demand Drivers – Gadsden Regional Medical Center, Riverview Regional Medical Center, & More
  • Circle K has a Investment Grade Credit Rating of BBB+ – With 17,300+ Locations it is the #2 U.S. Convenience Store Chain
  • Gadsden | Commercial and Healthcare Hub for Northeast Alabama | MSA Population: 103,000+

OVERVIEW

4.2 Years Remaining on Absolute NNN Lease with 5% Rental Increases Every 5 Years in both the Primary Term and Renewal Options and (5) 5-Year Options

FOR SALE DETAILS

PRICE

$2,625,000 USD

PRICE/SF

$1,491 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Circle K

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Convenience Store

ADD'L SUBTYPES

Freestanding, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1997

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.05 AC

LAND SF

45,738 SF

ZONING

-

APN/PARCEL ID

15-03-05-1-000-142.000

ASK ABOUT THIS PROPERTY

Ben JohnsonSecure Net LeaseMore Info
469-729-6441

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Ben JohnsonSecure Net LeaseMore Info
469-729-6441

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.