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50 Cropwell Dr 6,000 SF 50% Leased Retail Building Pell City, AL 35128 $1,169,903 CAD ($194.98 CAD/SF) 8.52% Cap Rate
EXECUTIVE SUMMARY
3,000sf Occupied by Pediatric Dental Associates of Alabama - Lease is a 10 year term from November 2020 and expires November 2030. Rate started at $18/sf and will be at $20.20 starting November 2025 - which gives a little over 5 years of term remaining. Lease is NNN.
3,000sf Occupied by Pediatric Dental Associates of Alabama - Lease is Year to Year and rate is $15,000 annually. Landlord is the tenant and simply needed the extra office space. This space can be vacated within 60 days for an owner user.
3,000sf Occupied by Pediatric Dental Associates of Alabama - Lease is Year to Year and rate is $15,000 annually. Landlord is the tenant and simply needed the extra office space. This space can be vacated within 60 days for an owner user.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built
2009
Price
$1,169,903 CAD
Price Per SF
$194.98 CAD
Cap Rate
8.52%
NOI
$99,684 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.46 AC
Zoning
B-s
Parking
27 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
98’ on Cropwell Dr
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pediatric Dental Associates of Alabama
- Health Care and Social Assistance
- 3,000 SF
- $27.70 CAD
- Triple Net
- Nov 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Pediatric Dental Associates of Alabama | Health Care and Social Assistance | 3,000 SF | $27.70 CAD | Triple Net | Nov 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-06-13-4-001-001.013 | Improvements Assessment | $97,549 CAD |
| Land Assessment | $19,188 CAD | Total Assessment | $116,736 CAD |
PROPERTY TAXES
Parcel Number
28-06-13-4-001-001.013
Land Assessment
$19,188 CAD
Improvements Assessment
$97,549 CAD
Total Assessment
$116,736 CAD
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50 Cropwell Dr
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