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Gerber Collision | Abs NNN | Annual Increases 1311 5th Ave SE 4,200 SF Retail Building Decatur, AL 35601 $1,470,000 ($350/SF) 7.25% Cap Rate
Investment Highlights
- Stable Cash Flow | Annual Rental Increases | Options To Extend
- Strategically Positioned Along US Highway 31 | Established Retail & Service Corridor | Huntsville MSA
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
• Gerber Collision & Glass occupies the subject property under an absolute NNN lease
• Over 3 years remaining with three (5-Year) renewal options, demonstrating long-term commitment to the location
• 2% annual rental increases throughout the lease term and renewal options provide predictable NOI growth and a hedge against inflation
• Over 3 years remaining with three (5-Year) renewal options, demonstrating long-term commitment to the location
• 2% annual rental increases throughout the lease term and renewal options provide predictable NOI growth and a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Building Size
4,200 SF
Building Class
B
Year Built
1989
Price
$1,470,000
Price Per SF
$350
Cap Rate
7.25%
NOI
$106,532
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.58 AC
Zoning
UC-MX - Urban Corridor Mixed Use District)
Parking
35 Spaces (8.33 Spaces per 1,000 SF Leased)
Amenities
- Dedicated Turn Lane
- Freeway Visibility
- Signage
Major Tenants Click Here to Access
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Gerber Collision
- Retailer
-
99,999 SF
- -
-
Lorem Ipsum
-
Jan 0000
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Gerber Collision | Retailer | 99,999 SF | - | Lorem Ipsum | Jan 0000 |
Fairly walkable
50/100
Moderately drivable
70/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $54,140 | |
| Land Assessment | $11,210 | Total Assessment | $65,350 |
Property Taxes
Parcel Numbers
Land Assessment
$11,210
Improvements Assessment
$54,140
Total Assessment
$65,350
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