This property is Off-Market

1315 US Highway 80 West
Demopolis, AL 36732 ·

17,250 SF · Retail For Sale

N/A

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Marengo Square

Price N/A Occupancy 90%
Gross Leasable Area 17,250 SF No. Stories 1
Property Type Retail Tenancy Multiple
Property Sub-type Strip Center Year Built 2000
Property Use Type Investment Lot Size 2.86 AC
Cap Rate 7%
Listing ID: 17601767 Date Created: 04/03/2012 Last Updated: 05/07/2013

Description

Building One:
1. Tootsie 1,800 sf Monthly Rent: $825.00
2. Marengo Forestry 1,500 sf Monthly Rent: $975.00
3. Verizon 2,400 sf Monthly Rent: $1,400.00
Building Two:
1. Cash Store 1,250 sf Monthly Rent: $800.00
2. Owner Office 1,250 sf Vacant
3. Mexican Restaurant 3,700 sf Monthly Rent: $1,500.00
Building Three:
1. Curves 1,250 sf Monthly Rent: $800.00
2. Tada 2,500 sf Monthly Rent: $1,000.00
3. Hospice 2,500 sf Monthly Rent: $1500.00
Total Income: $8,800 per month; $105,600 annual

Expenses:
1. Outside light $2,400.00 annual
2. Water & Sewer $1,500.00 annual
3. Insurance $24,000.00 annual
4. Tax $12,000.00 annual
Total Expense: $39,900.00 annual
NOI: $65,700.00 annual

Located on the major highway. Shopping center has 254 sf of frontage on US Highway 80.

Highlights

  • 19,000+/- cars per day

Research

1315 US Highway 80 West, Demopolis, AL 36732 (Marengo County)

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