3200 Main St - Storefront FOR SALE


Altoona, AL 35952
$1,798,500 USD
904-535-4927
3200 Main St, Altoona, AL for Sale
$1,798,500 USD
Storefront - FOR SALE
1/6
null | 7% Cap Rate

3200 Main St
Altoona, AL 35952


HIGHLIGHTS

  • New Construction
  • Minimal Landlord Responsibilities
  • Scheduled Rent Increases
  • Corporate Lease
  • Strategic Retail Location
  • Limited Competition

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction freestanding Family Dollar | Dollar Tree investment property located at 3200 Main Street in Altoona, Alabama (the “Property”). Family Dollar | Dollar Tree has 9 years remaining on their lease with five (5), 5-year renewal options. The lease features attractive rent increases at the start of each renewal option. The Property enjoys excellent frontage and visibility along Main Street (AL Route 132), the area’s primary commercial and commuter corridor. Family Dollar | Dollar Tree is the main shopping destination in Altoona. Family Dollar | Dollar Tree is 4 miles from US Highway 278, the primary east west roadway, and is positioned between Oneonta and Gadsden, which offer retail and dining amenities, schools and employment opportunities and hospitals. Additionally, Family Dollar | Dollar Tree is approximately 45 miles from Birmingham.

FOR SALE DETAILS

PRICE

$1,798,500 USD

PRICE/SF

$171 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar | Dollar Tree

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.71 AC

LAND SF

74,488 SF

ZONING

-

APN/PARCEL ID

07-08-34-0-001-121.000

ASK ABOUT THIS PROPERTY

Riley HarderHorvath & TremblayMore Info
904-535-4927

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Riley HarderHorvath & TremblayMore Info
904-535-4927

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