1311 5th Ave SE
Decatur, AL 35601
Downtown Decatur
OVERVIEW
• Gerber Collision & Glass occupies the subject property under an absolute NNN lease
• Over 3 years remaining with three (5-Year) renewal options, demonstrating long-term commitment to the location
• 2% annual rental increases throughout the lease term and renewal options provide predictable NOI growth and a hedge against inflation
FOR SALE DETAILS
PRICE
$1,470,000 USD
PRICE/SF
$418 USD /SF
CAP RATE
7.25%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Gerber Collision | Abs NNN | Annual Increases
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Auto Repair, Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1989
SPRINKLERS
-
PARKING SPACES
35
LAND DETAILS
LAND ACRES
0.58 AC
LAND SF
25,265 SF
ZONING
UC-MX
APN/PARCEL ID
03-09-30-1-001-025.001,03-09-30-1-001-028.000,03-09-30-1-001-029.000
ASK ABOUT THIS PROPERTY
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949-506-2007
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949-506-2007
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