501 2nd Ave N - Bank FOR SALE
Clanton, AL 35045 |
$1,890,000 USD
310-312-1800
501 2nd Ave N
Clanton, AL 35045
HIGHLIGHTS
- Property established as bank location in 1919 (formerly BB&T).
- Within walking distance of 10 hotels and motels (over 825 rooms).
- The Property is leased to Truist, the 9th largest bank in the United States.
- The Lease Agreement is "Absolute Net".
- Average household income of $61,459 within a 3-mile radius.
- 3% Annual Rent increases.
OVERVIEW
Kidder Mathews is pleased to present an exclusive investment offering for a single-tenant retail bank building located at 501 2nd Ave North, Clanton, AL 35045 (the "Property"). The Property is currently leased to Truist Bank ("Tenant") and is located next door to Clanton City Hall and across the street from the Chilton County Courthouse.
FOR SALE DETAILS
PRICE
$1,890,000 USD
PRICE/SF
$210 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Bank
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1965
SPRINKLERS
-
PARKING SPACES
34
LAND DETAILS
CROSS STREETS
5th St. North
LAND ACRES
1 AC
LAND SF
43,560 SF
ZONING
-
APN/PARCEL ID
1107363006007000
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310-312-1800
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310-312-1800
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