1607 E Commerce St - Service FOR SALE
Greenville, AL 36037 |
$420,000 USD
615-521-6955
1607 E Commerce St
Greenville, AL 36037
HIGHLIGHTS
- Corporate lease with JHCC Holdings, LLC and double net lease structure.
- Below-market rent of $6.56/SF vs. market rate of $10.12/SF — significant upside.
- 7.34% cap rate with a low acquisition basis of $420,000.
- Tenant occupied for more than 20 years with two remaining 5-year renewal options.
- Gerber operates 1,000+ collision repair facilities across North America.
- Located between U.S. Highway 31 and the Greenville Bypass for convenient access.
FOR SALE DETAILS
PRICE
$420,000 USD
PRICE/SF
$82 USD /SF
CAP RATE
7.34%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
1607 East Commerce St
PROPERTY TYPE
Industrial
PROPERTY SUBTYPE
Service
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2002
UTILITIES
-
CLEAR CEILING HT
-
DOCKS
-
DRIVE INS
-
PARKING SPACES
10
LAND DETAILS
LAND ACRES
2.02
LAND SF
87,991
ZONING
-
APN/PARCEL ID
0904183001001002
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615-521-6955
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615-521-6955
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