1874 E Main St - Retail FOR SALE


Prattville, AL 36066
$2,808,818 USD
734-755-6359
1874 E Main St, Prattville, AL for Sale
$2,808,818 USD
Retail - FOR SALE
1/4
null | 5.5% Cap Rate

1874 E Main St
Prattville, AL 36066


HIGHLIGHTS

  • Dutch Bros Stock Up 55% YTD! (NYSE: BROS)
  • Prattville Shopping Center | 176,549 SF Recently Redeveloped
  • Signalized Corner Location | 37,727 ADTC
  • 10% Rental Rate Increases Every 5 Years
  • 5 Mile Population 50,071 | Expected 3.47% Growth
  • Across from Aldi & Walmart Supercenter (Ranked #20 for foot traffic among all Walmarts in the state)

OVERVIEW

Fortis Net Lease is pleased to present this brand new drive-thru Dutch Bros. Coffee located in Prattville, Alabama. It is part of the 176,549 SF Prattville Shopping Center located at the crossroads of a major signalized intersection. The center is convenient to several large and well-established single family and multi-family communities and within 2 miles of Baptist Hospital, the premier medical center in the city! This 15 year Absolute NNN Lease provides a 10% rent increase every 5 years including at each of the 3 (5 year) options. The store is currently completing construction with opening & rent start on track for December 2024! This Dutch Bros. benefits from being surrounded by national tenants in a huge retail hub including across the street from Aldi & Walmart. The shopping center is located on a signalized corner seeing 37,727 cars per day. The site has easy and quick access to both Highway 31 (24,662 ADTC) & I-65 (63,643 ADTC). The 5 mile population from the site is 50,071. The 1 mile household income is $79,409. This area is also seeing steady population growth. This investment will offer a new owner continued success due to the strength and proven profitability of the tenant. List price reflects a 5.50% cap rate based on NOI of $154,320.

FOR SALE DETAILS

PRICE

$2,808,818 USD

PRICE/SF

$2,957 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Dutch Bros Coffee

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.76 AC

LAND SF

33,106 SF

ZONING

Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Bryan BenderFortis Net LeaseMore Info
734-755-6359

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Bryan BenderFortis Net LeaseMore Info
734-755-6359

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