US Hwy 280 - Retail FOR SALE


Alexander City, AL 35010
$985,000 USD
205-223-5992

NO PHOTO

$985,000 USD
Retail - FOR SALE
null | 7.84% Cap Rate

US Hwy 280
Alexander City, AL 35010


HIGHLIGHTS

  • National Tenants include World Finance and Check into Cash
  • Along the busy highway of US Hwy 280
  • Long time tenants
  • Little to no deferred maintenance

OVERVIEW

This prime shopping center is located in a high-traffic area of Alexander City, AL, with three long-term tenants with triple net leases in place. Two national tenants and a long-standing restaurant anchor the center, providing a stable and reliable income stream. Key Features: Triple Net Leases: All three tenants are responsible for their own property taxes, insurance, and maintenance, minimizing your operating expenses. National Tenants: Two national tenants provide strong brand recognition and attract a steady stream of customers. Long-Standing Restaurant: A well-established local restaurant adds to the center's appeal and draws in additional foot traffic. High-Traffic Location: The center is located on a busy highway, ensuring high visibility and easy access for customers. Strong Demographics: The surrounding area has a growing population and a strong economy, providing a solid foundation for continued success. Location: 3702, 3706, and 3710- 3714 US Hwy 280, Alexander City, AL 35010 Financial Highlights: Yearly Income: $116,268.12 (Actual Gross Income from 2024) Yearly Expenses: $54,160.90 (Actual expenses from 2024) Cap Rate: 10.8% Listing Price: $985,000 Please note: This brochure is for informational purposes only and should not be considered investment advice. Please consult with a financial advisor before making any investment decisions.

FOR SALE DETAILS

PRICE

$985,000 USD

PRICE/SF

$136 USD /SF

CAP RATE

7.84%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Town Center Shopping Center

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.92 AC

LAND SF

40,093 SF

ZONING

-

APN/PARCEL ID

12-02-04-2-001-001.0170

ASK ABOUT THIS PROPERTY

Marian WehbyAll South Properties, Inc.More Info
205-223-5992

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Marian WehbyAll South Properties, Inc.More Info
205-223-5992

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