206 Greensboro St - Drug Store FOR SALE


Eutaw, AL 35462
$150,000 USD
617-699-0128
206 Greensboro St, Eutaw, AL for Sale
$150,000 USD
Drug Store - FOR SALE
1/9
null | Request Cap Rate

206 Greensboro St
Eutaw, AL 35462


HIGHLIGHTS

  • ABSOLUTE $1 AUCTION | Family Dollar (Dark) | Lease Expires Jan 2027 | AUCTION AUGUST 11-13
  • Freestanding Dark Family Dollar on Large 1.29 Acre Lot
  • Family Dollar has Vacated the Premise and Pays $61,341 Annual Rent Through January 31, 2027
  • Demand Drivers: City Hall, County Court House, USPS, Greene County Hospital, Piggly Wiggly, Dollar General
  • ±6,197 VPD Traffic Count with Prime Frontage and Visibility on Greensboro Street

OVERVIEW

Marcus & Millichap is pleased to present the fee simple interest in a dark Family Dollar building located at 206 Greensboro Street in Eutaw, Alabama (the “Property”). The Property is being offered significantly below replacement cost, creating an attractive opportunity for owner/users or investors to acquire a well-located commercial asset with substantial value enhancement potential. FIRST BID MEETS RESERVE! The Property is improved with a one-story, free-standing, single tenant retail building totaling ±8,763 square feet and strategically positioned on a huge parcel totaling ±1.29 acres of land. The Property was formerly occupied by Family Dollar who vacated the premises and is paying out their annual $61,341 rent for the remainder of their term through January 31, 2027. Utilities, real estate tax, and insurance reimbursements are paid by the tenant. Eutaw is a strategically located city in west-central Alabama, serving as the county seat of Greene County with access to major routes including US-11, US-43, AL-14, and nearby I-20/59. The Property offers prime frontage/visibility along heavily trafficked Greensboro Street with traffic counts of ±6,197 vehicles per day. The Property is in a dense retail corridor with nearby retailers including Piggly Wiggly, Marathon, Dollar General, USPS, and others. The Property is positioned in an area with ±5,399 people within a 10-mi radius and an average household income of $40,953.

FOR SALE DETAILS

PRICE

$150,000 USD

PRICE/SF

$17 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$1 Auction - REIT Sale | Family Dollar (Dark)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Drug Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.29 AC

LAND SF

56,192 SF

ZONING

O

APN/PARCEL ID

18083430080030000

ASK ABOUT THIS PROPERTY

Kyle HynesMarcus & MillichapMore Info
617-699-0128

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Kyle HynesMarcus & MillichapMore Info
617-699-0128

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