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1311 5th Ave SE
Decatur, AL 35601
Gerber Collision | Abs NNN | Annual Increases · Retail Property For Sale
Investment Highlights
- Stable Cash Flow | Annual Rental Increases | Options To Extend
- Strategically Positioned Along US Highway 31 | Established Retail & Service Corridor | Huntsville MSA
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Gerber Collision & Glass occupies the subject property under an absolute NNN lease
• Over 3 years remaining with three (5-Year) renewal options, demonstrating long-term commitment to the location
• 2% annual rental increases throughout the lease term and renewal options provide predictable NOI growth and a hedge against inflation
• Over 3 years remaining with three (5-Year) renewal options, demonstrating long-term commitment to the location
• 2% annual rental increases throughout the lease term and renewal options provide predictable NOI growth and a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,200 SF
Building Class
B
Year Built
1989
Price
$2,063,630 CAD
Price Per SF
$491.34 CAD
Cap Rate
7.25%
NOI
$149,553 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.58 AC
Zoning
UC-MX - Urban Corridor Mixed Use District)
Parking
35 Spaces (8.33 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
Property Taxes
| Parcel Numbers | Improvements Assessment | $76,003 CAD | |
| Land Assessment | $15,737 CAD | Total Assessment | $91,740 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$15,737 CAD
Improvements Assessment
$76,003 CAD
Total Assessment
$91,740 CAD
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