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Gerber Collision & Glass 1998 US-31 10,500 SF Retail Building Hartselle, AL 35640 $1,383,155 ($131.73/SF) 6.75% Cap Rate
Investment Highlights
- 2.0% annual rent increases throughout the initial term and all option periods.
- Brand-new TPO roof replacement minimizing future landlord Cap-Ex risks.
- Positioned near a high-volume Lowe's on Highway 31 connecting Cullman and Decatur.
- Leased to JHCC Holdings LLC under Boyd Group Services Inc. (Gerber Collision & Glass).
- Corner parcel at US-31 and Peach Orchard Road with ±21,320 vehicles per day.
- Tenant pays utilities, day-to-day site repairs, real estate taxes, and insurance.
Executive Summary
Broker Of Record
Hutt Cooke
Matthews Real Estate Investment Services, Inc
000168807-0, 000110253 - 0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Hutt Cooke
Matthews Real Estate Investment Services, Inc
000168807-0, 000110253 - 0 (AL)
1600 West End Ave, Ste. 1500 Nashville, TN 37203 (866) 889-0550
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
10,500 SF
Building Class
C
Year Built
1992
Price
$1,383,155
Price Per SF
$131.73
Cap Rate
6.75%
NOI
$93,363
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
1.00 AC
Zoning
C - Commercial
Parking
15 Spaces (1.43 Spaces per 1,000 SF Leased)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Property Taxes
| Parcel Number | 15-02-04-0-005-011.001 | Improvements Assessment | $0 |
| Land Assessment | $7,340 | Total Assessment | $7,340 |
Property Taxes
Parcel Number
15-02-04-0-005-011.001
Land Assessment
$7,340
Improvements Assessment
$0
Total Assessment
$7,340
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Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Contact the Sale Advisor
Gerber Collision & Glass | 1998 US-31