This Retail Property is Off-Market.

2525 Oakwood Avenue NW
Huntsville, AL 35810 ·

10,195 SF · Retail For Sale

N/A

Print

CVS - ZERO - Cash Flow in 8½ yrs - $ REDUCED

Price N/A Cap Rate 9.30%
Building Size 10,195 SF No. Stories 1
Property Type Retail Tenancy Single
Property Sub-type
Retail Pad
More...
  • Anchor
Year Built 2000
Property Use Type Net Lease Investment with 9 years left on lease Lot Size 75,358 SF
Commission Split 1.25%
Listing ID: 18073702 Date Created: 03/13/2013 Last Updated: 06/03/2014

Description

This is an absolute NNN Zero Cash Flow property. All of the rent paid goes towards the loan payments. The above cap rate shown is based on rent after the existing loan is paid off. Loan payoff date is January 10, 2023 (about 8½ years from now). Cash on Cash Return is almost 20% upon loan payoff.

The subject is a well located full service, drive thru CVS drug store at the signalized corner of Oakwood Ave and Pulaski Pike in one of the state's most important cities. The property is close to commercial and residential uses including a Circle K gas station on the opposite corner as well as numerous national tenants a couple blocks away on Memorial Parkway that include Costco, Kroger and many others. The famous Huntsville Country Club is directly across the street from the subject property.

Highlights

  • Near term high cash flow potential
  • Original 22+ year lease (8½ years remain) plus 10 renewal options
  • Very low price point
  • Absolute Triple Net lease
  • Corporate guaranteed investment grade credit tenancy

Research

2525 Oakwood Avenue NW, Huntsville, AL 35810 (Madison County)

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

Huntsville Market Trends - Asking price index trends, sale price trends, asking rent trends

Similar Listings

The LoopNet service and information provided therein, while believed to be accurate, are provided "as is". LoopNet disclaims any and all representations, warranties, or guarantees of any kind.

I am a place holder, please don't judge me!!! (no, I judge you!)