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24044 US Highway 80 W 7,500 SF Retail Building Demopolis, AL 36732 $1,950,000 ($260/SF) 6.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Recent Five Year Executed Option Period
- 8+ Acres of Industrial Outdoor Storage (IOS)
- Two (5) Year Option Remaining
- Planned Major Lease Hold Improvements
- Expanded 4+ Acres In recent Extension
EXECUTIVE SUMMARY
With the recent extension, the lease now has over 4 Years & 8 Months remaining in the current term, plus Two remaining five-year options. The property is structured as a NN (double net) lease, minimizing landlord responsibilities to primarily roof, Structure, Foundation. The lease also includes a 2% annual rent increase to help hedge against inflation.
Constructed in 2018 and improved in 2021 when Sunbelt first leased the premises, the property now sits on over 8 acres with Sunbelt electing to lease the additional 4+/- acres signed into the recent lease amendment, providing ample space for the tenant’s desired Industrial Outdoor Storage (IOS). Along with the recent extension, Sunbelt Rentals has plans Major Lease Hold Improvements.
This is an excellent opportunity for an investor seeking a passive income-producing asset with minimal landlord involvement and a creditworthy international tenant in place.
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Rental and Leasing Services
- -
- -
- -
A leader in the equipment rental industry, Sunbelt Rentals is constantly advancing the idea of how a company can best serve its customers, communities and the planet. With a vast network of locations across North America and an expansive portfolio of products and services, they deliver solutions to support any job. Ready to support their clients every step of the way, their knowledgeable and experienced team of problem-solvers is passionate about delivering an unrivaled customer experience. Their vast and highly diversified product portfolio allows their clients to secure the right tools and equipment needed for jobs across a variety of applications, environments or industries. From a single rental to a long-term turnkey solution requiring technical expertise and engineered design, they offer versatility across every phase of a project. No matter the project or location, Sunbelt Rentals is here to serve.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Rental and Leasing Services | - | - | - |
PROPERTY TAXES
| Parcel Number | 06-03-08-0-000-002-0000 | Improvements Assessment | $0 |
| Land Assessment | $540 | Total Assessment | $540 |
PROPERTY TAXES
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24044 US Highway 80 W
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