913 1st St SW - Freestanding FOR SALE


Childersburg, AL 35044
$500,000 USD
689-666-9560
913 1st St SW, Childersburg, AL for Sale
$500,000 USD
Freestanding - FOR SALE
1/4
null | 10% Cap Rate

913 1st St SW
Childersburg, AL 35044


HIGHLIGHTS

  • 44% Increase at Option - In 1.5 years, the tenant has a 44% escalation, which turns a 10% CAP to a 14.26% CAP.
  • Commitment to this Location: Family Dollar has operated at this property for 44 years meaning its a staple in the community. Customer loyalty results
  • $46/FT - This property is priced below construction cost - an investor couldn’t replace this building for the list price.

OVERVIEW

TO WATCH THE MARKETING VIDEO GO TO https://www.stnl.com/property/family-dollar-childersburg-al CONTACT RYAN DAY: 689-666-9546; rd@stnl.com STNL.com is pleased to present this 100% fee simple STNL Family Dollar in Childersburg, AL, located 30 miles outside of Birmingham, AL. Four reasons to acquire this property include: 44% Increase at Option - In two years, the tenant has a 44% escalation, which turns a 10% CAP to a 14.26% CAP. Commitment to this Location: Family Dollar has operated at this property for 44 years meaning its a staple in the community. Customer loyalty results in strong sales and tenant longevity. $46/FT - This property is priced below construction cost - an investor couldn’t replace this building for the list price. 25,000 Cars/Day - The property sits along the most traveled thoroughfare in the market, resulting in higher sales and a greater likelihood of tenant renewal.

FOR SALE DETAILS

PRICE

$500,000 USD

PRICE/SF

$46 USD /SF

CAP RATE

10%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

0.71 AC

LAND SF

30,928 SF

ZONING

-

APN/PARCEL ID

22-04-20-2-010-001.000

ASK ABOUT THIS PROPERTY

Mark ThompsonSTNL.comMore Info
689-666-9560

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Mark ThompsonSTNL.comMore Info
689-666-9560

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