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1243 Old Steese Hwy 6,310 SF Retail Building Fairbanks, AK 99701 $3,000,000 ($475.44/SF) 7.67% Cap Rate
Investment Highlights
- 7.67% Cap Rate
- Long-term tenant
- NNN Triple Net, ideal for passive investor
Executive Summary
A rare opportunity to privately acquire a premier commercial retail building located at a high-traffic corridor in Fairbanks, AK. This property features an exceptional 22-year historical track record of continuous restaurant operations at this location. Operating under an absolute Triple-Net (NNN) lease structure, this asset demands zero landlord management overhead or maintenance responsibilities, making it a perfect turnkey vehicle for passive investors or 1031 exchange buyers.
The massive 1.3 acre lot yields a rare 10.57:1 land-to-building ratio, providing excellent parking support for peak operational hours and maintaining high underlying land value.
The massive 1.3 acre lot yields a rare 10.57:1 land-to-building ratio, providing excellent parking support for peak operational hours and maintaining high underlying land value.
Data Room Click Here to Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,310 SF
Building Class
B
Year Built/Renovated
2004/2014
Price
$3,000,000
Price Per SF
$475.44
Cap Rate
7.67%
NOI
$230,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.53 AC
Zoning
GU-1 General Use - This district is intended to provide for retail, office, wholesale, personal service and other general service uses. See List Pack for more info
Parking
116 Spaces (18.38 Spaces per 1,000 SF Leased)
Frontage
180’ on Old Steese Highway
Amenities
- Corner Lot
- Freeway Visibility
- Restaurant
- Security System
- Signage
- Accent Lighting
- Monument Signage
- Air Conditioning
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Banks Alehouse
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Banks Alehouse | Accommodation and Food Services | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 538019 | Improvements Assessment | $1,666,768 |
| Land Assessment | $803,832 | Total Assessment | $2,470,600 |
Property Taxes
Parcel Number
538019
Land Assessment
$803,832
Improvements Assessment
$1,666,768
Total Assessment
$2,470,600
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Tiro Food Services Ltd.
1243 Old Steese Hwy
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