Historical Retail Sale Listing - Marengo Square

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Marengo Square

1315 US Highway 80 West, Demopolis, AL 36732

N/A

17,250 SF | Retail

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Retail Property - Off Market

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

Highlights

  • 19,000+/- cars per day

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.

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

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Created 4/3/2012