41125 Us Highway 72 - Storefront FOR SALE
Stevenson, AL 35772 |
$525,420 USD
818-579-0652
41125 Us Highway 72
Stevenson, AL 35772
HIGHLIGHTS
- Owner recently invested $125k into the roof, facade, parking lot, and interior
- Significant upside potential
- Below market rent - DG's lease expires in 3 years providing considerable rental upside
- Billboard company has offered to install a billboard that would increase the NOI by $6,000
- Pro-forma cap rate of 12% with billboard and lease-up of vacant space at $6.4 /sf
FOR SALE DETAILS
PRICE
$525,420 USD
PRICE/SF
$44 USD /SF
CAP RATE
7.38%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Value Add Dollar General
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Convenience Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1976
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.24 AC
LAND SF
54,014 SF
ZONING
Commercial
APN/PARCEL ID
14-04-19-0-000-024.001
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818-579-0652
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818-579-0652
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