200 N Airport Rd - Storefront FOR SALE


Jasper, AL 35504
$2,122,425 USD
737-270-7668
200 N Airport Rd, Jasper, AL for Sale
$2,122,425 USD
Storefront - FOR SALE
1/5
null | 7.75% Cap Rate

200 N Airport Rd
Jasper, AL 35504


HIGHLIGHTS

  • 87% leased strip center with immediate upside through lease-up of remaining vacancy.
  • 1,023 SF master-leased space generating $22 PSF plus $3.55 PSF Triple Net (NNN) at close.
  • Built in 2017 with minimal deferred maintenance and low capital expenditure needs.
  • Surrounded by national retailers like Walmart, The Home Depot, McDonald's, T.J. Maxx, Petco, and Hobby Lobby.
  • Located just 40 minutes from Birmingham in a strong retail corridor.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 9,299 SF Jasper Plaza located at 200 North Airport Road in Jasper, AL. The property is 87% leased, providing stable income with additional upside potential through remaining lease-up. It also includes a 1,023 SF master-leased space generating $22 PSF plus $3.55 PSF in Triple Net (NNN) income. Built to modern standards and surrounded by major national retailers, it is a prime, low-maintenance investment opportunity. BoR: Andrew Ackerman - Lic. AL #1089690

FOR SALE DETAILS

PRICE

$2,122,425 USD

PRICE/SF

$227 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jasper Plaza - Jasper, AL

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Storefront, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

76

LAND DETAILS

LAND ACRES

1.4 AC

LAND SF

60,984 SF

ZONING

B2

APN/PARCEL ID

17-02-03-3-000-056-0000

ASK ABOUT THIS PROPERTY

Carlos ArizpeSands Investment Group Austin, LLCMore Info
737-270-7668

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Carlos ArizpeSands Investment Group Austin, LLCMore Info
737-270-7668

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