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Price Reduced: Rest/ Retail NNN Lease 502 Martin Luther King Jr Pky 1,890 SF Retail Building Phenix City, AL 36869 $863,547 CAD ($456.90 CAD/SF) 10.20% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Long term NNN lease in building
  • Profitable ATM in the parking lot

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,890 SF
Building Class
B
Year Built
1998
Price
$863,547 CAD
Price Per SF
$456.90 CAD
Cap Rate
10.20%
NOI
$88,080 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.39 AC
Zoning
C3 - Commercial Zoning
Parking
40 Spaces (21.16 Spaces per 1,000 SF Leased)
Frontage
300’ on Hwy 431

AMENITIES

  • Restaurant
  • Signage
  • Air Conditioning

NEARBY MAJOR RETAILERS

Krystal
Rent-A-Center
Piggly Wiggly

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
05-05-22-01-006-001.000
Land Assessment
$54,802 CAD
Improvements Assessment
$160,508 CAD
Total Assessment
$215,311 CAD
  • Listing ID: 32734816

  • Date on Market: 2024-08-08

  • Last Updated:

  • Address: 502 Martin Luther King Jr Pky, Phenix City, AL 36869

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