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West Marine 24369 Canal Rd 13,000 SF Retail Building Orange Beach, AL 36561 $4,484,072 CAD ($344.93 CAD/SF) 7.50% Cap Rate
Investment Highlights
- Corporate lease | West Marine Products, Inc. | 240+ locations across the US and Puerto Rico
- Located inside of dense retail corridor | 1.3M SF within a 2-mile radius
- Large parcel | 1.39 acres
- Great visibility & access from Canal Rd | 26,400 VPD
- Long operating history | Leased since 2013
- Affluent surrounding area | $126,964 average household income within a 1-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale West Marine in Orange Beach, Al. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
C
Year Built
2013
Price
$4,484,072 CAD
Price Per SF
$344.93 CAD
Cap Rate
7.50%
NOI
$336,275 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.39 AC
Zoning
Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 65-03-06-0-000-002.187 | Improvements Assessment | $640,700 CAD |
| Land Assessment | $152,733 CAD | Total Assessment | $793,433 CAD |
Property Taxes
Parcel Number
65-03-06-0-000-002.187
Land Assessment
$152,733 CAD
Improvements Assessment
$640,700 CAD
Total Assessment
$793,433 CAD
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West Marine | 24369 Canal Rd
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