12645 US Highway 80 E - Service Station FOR SALE


Pike Road, AL 36064
$9,429,000 USD
470-344-2586
12645 US Highway 80 E, Pike Road, AL for Sale
$9,429,000 USD
Service Station - FOR SALE
1/10
null | 7% Cap Rate

12645 US Highway 80 E
Pike Road, AL 36064


HIGHLIGHTS

  • Brand New 15-Year Lease | Annual Rental Increases | Options to Extend
  • Absolute NNN Sale-Leaseback | Fee Simple Ownership | Zero Landlord Responsibilities
  • Off I-85 | Near Hwy-80 | Strong National/Credit Tenant Presence | Nearby Home Developments
  • Ideal Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

• The tenant will enter at close of escrow into a brand new 15-year lease with 3 (5-year) options, demonstrating their commitment to the site • The lease features 2% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation

FOR SALE DETAILS

PRICE

$9,429,000 USD

PRICE/SF

$1,233 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Eagle Gas - Pike Road AL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Service Station

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

1.72 AC

LAND SF

74,923 SF

ZONING

-

APN/PARCEL ID

08-05-15-0-002-003.001

ASK ABOUT THIS PROPERTY

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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

Michael BerkSRS Real Estate PartnersMore Info
470-344-2586

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