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AIM Academy (Corporate) 11461 US 231 9,952 SF 100% Leased Retail Building Meridianville, AL 35759 $4,200,000 ($422.03/SF) 7.50% Cap Rate
Investment Highlights
- 15 Year Absolute NNN Lease w/ 10% Rental Increases Every 5 Years Starting at Close of Escrow
- Low Price Point for New Construction, Low Rent PSF
- Population Counts Exceed 186K in a 10-Mile Radius, Projected to Grow 13.74% by 2030
- Corporate Lease w/ Corporate & Personal Guaranty
- Established Suburb of Huntsville, One of the Fastest-Growing Metros in the U.S., Just 8.5 Miles from the City
- Surrounded by Dense Single-Family Residential, Fueling Stable Daycare Demand from Young, Dual-Income Families
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Day Care Center
Building Size
9,952 SF
Building Class
B
Year Built
2023
Price
$4,200,000
Price Per SF
$422.03
Cap Rate
7.50%
NOI
$315,000
Percent Leased
100%
Building Height
1 Story
Building FAR
0.13
Lot Size
1.79 AC
Zoning
CR - commercial retail
Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 07-06-24-0-000-067.066 | Improvements Assessment | $281,700 |
| Land Assessment | $47,020 | Total Assessment | $328,720 |
Property Taxes
Parcel Number
07-06-24-0-000-067.066
Land Assessment
$47,020
Improvements Assessment
$281,700
Total Assessment
$328,720
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