17825 AL-160 - Freestanding FOR SALE


Cleveland, AL 35049
$1,466,000 USD
904-535-4927
17825 AL-160, Cleveland, AL for Sale
$1,466,000 USD
Freestanding - FOR SALE
1/6
null | 6.9% Cap Rate

17825 AL-160
Cleveland, AL 35049


HIGHLIGHTS

  • Newer Constructio
  • Minimal Landlord Responsibilities
  • Scheduled Rent Increases
  • Corporate Lease
  • Strategic Retail Location
  • E-Commerce Resistant Retailer

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a newer construction freestanding Family Dollar | Dollar Tree investment property located at 17825 AL Route 160 in Cleveland, Alabama (the “Property”). Family Dollar | Dollar Tree has 7+ years remaining on their lease with five (5), 5-year renewal options. The lease features attractive 5% rent increases at the start of each renewal option. The Property enjoys excellent frontage and visibility along AL Route 160, the area’s primary commercial and commuter corridor. Family Dollar | Dollar Tree is one of the main shopping destinations in Cleveland, along with a Dollar General Market and S&S Foods (Grocery store). Family Dollar | Dollar Tree is adjacent to the intersection (rotary) of AL Routes 160 and 79 and is 0.7 miles from US Highway 231. Positioned in the center of town, the Property is convenient to residential neighborhoods, Cleveland Elementary, Middle and High Schools, and area businesses. Cleveland is 8 miles northwest of Oneonta, which offers retail and dining amenities, schools and employment opportunities and a hospital. Additionally, Family Dollar | Dollar Tree is approximately 38 miles from Birmingham.

FOR SALE DETAILS

PRICE

$1,466,000 USD

PRICE/SF

$140 USD /SF

CAP RATE

6.9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

28

LAND DETAILS

LAND ACRES

1.47 AC

LAND SF

64,033 SF

ZONING

-

APN/PARCEL ID

15-04-18-0-003-021.015

ASK ABOUT THIS PROPERTY

Riley HarderHorvath & TremblayMore Info
904-535-4927

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

Riley HarderHorvath & TremblayMore Info
904-535-4927

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