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Eagle Gas - Pike Road AL 12645 US Highway 80 E 7,647 SF Retail Building Pike Road, AL 36064 $9,229,000 ($1,206.88/SF) 7.15% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Annual Rental Increases | Options to Extend
- Off I-85 | Near Hwy-80 | Strong National/Credit Tenant Presence | Nearby Home Developments
- Absolute NNN Sale-Leaseback | Fee Simple Ownership | Zero Landlord Responsibilities
- Ideal Demographics in 5-Mile Trade Area | Six-Figure Incomes
Executive Summary
• The tenant will enter at close of escrow into a brand new 15-year lease with 3 (5-year) options, demonstrating their commitment to the site
• The lease features 2% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• The lease features 2% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Building Size
7,647 SF
Building Class
B
Year Built/Renovated
2021/2022
Price
$9,229,000
Price Per SF
$1,206.88
Cap Rate
7.15%
NOI
$660,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
1.72 AC
Parking
48 Spaces (6.28 Spaces per 1,000 SF Leased)
Frontage
281’ on U.S. 80
Amenities
- Corner Lot
- Pylon Sign
Not walkable
10/100
Exceptionally drivable
100/100
Property Taxes
| Parcel Number | 08-05-15-0-002-003.001 | Improvements Assessment | $353,800 |
| Land Assessment | $119,880 | Total Assessment | $473,680 |
Property Taxes
Parcel Number
08-05-15-0-002-003.001
Land Assessment
$119,880
Improvements Assessment
$353,800
Total Assessment
$473,680
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Eagle Gas - Pike Road AL | 12645 US Highway 80 E