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Circle K 1205 W Meighan Blvd 2,733 SF Retail Building Gadsden, AL 35901 $2,625,000 ($960.48/SF) 6% Cap Rate
Investment Highlights
- 1997 Construction. 2,733+/- SF Building on 1.05+/- Acre Site
- Established National Retail Corridor Anchored by Walmart and Daily-Needs Retailers Such as Dollar General, Family Dollar, Napa Auto Parts, & More
- Circle K has a Investment Grade Credit Rating of BBB+ – With 17,300+ Locations it is the #2 U.S. Convenience Store Chain
- Prime Positioning with 36,025 VPD – Property Benefits from Direct Frontage on West Meighan Boulevard
- Near Healthcare, Education, and Tourism Demand Drivers – Gadsden Regional Medical Center, Riverview Regional Medical Center, & More
- Gadsden | Commercial and Healthcare Hub for Northeast Alabama | MSA Population: 103,000+
Executive Summary
4.2 Years Remaining on Absolute NNN Lease with 5% Rental Increases Every 5 Years in both the Primary Term and Renewal Options and (5) 5-Year Options
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,733 SF
Building Class
B
Year Built
1997
Price
$2,625,000
Price Per SF
$960.48
Cap Rate
6%
NOI
$157,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.05 AC
Frontage
50’ on Meighan Blvd
Amenities
- Signage
- Wheelchair Accessible
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $18,480 | Total Assessment | $18,480 |
Property Taxes
Parcel Numbers
Land Assessment
$18,480
Improvements Assessment
$0
Total Assessment
$18,480
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Circle K | 1205 W Meighan Blvd
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