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West Marine 24369 Canal Rd 13,000 SF Retail Building Orange Beach, AL 36561 $3,290,000 ($253.08/SF) 7.50% Cap Rate
Investment Highlights
- Corporate lease | West Marine Products, Inc. | 240+ locations across the US and Puerto Rico
- Located inside of dense retail corridor | 1.3M SF within a 2-mile radius
- Large parcel | 1.39 acres
- Great visibility & access from Canal Rd | 26,400 VPD
- Long operating history | Leased since 2013
- Affluent surrounding area | $126,964 average household income within a 1-mile radius
Executive Summary
Ransome Foose and Carl Brendes of Berkeley Capital Advisors are pleased to present for sale West Marine in Orange Beach, Al. We welcome your review of this attractive investment.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,000 SF
Building Class
C
Year Built
2013
Price
$3,290,000
Price Per SF
$253.08
Cap Rate
7.50%
NOI
$246,728
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.39 AC
Zoning
Commercial
Nearby Major Retailers
Property Taxes
| Parcel Number | 65-03-06-0-000-002.187 | Improvements Assessment | $464,040 |
| Land Assessment | $110,620 | Total Assessment | $574,660 |
Property Taxes
Parcel Number
65-03-06-0-000-002.187
Land Assessment
$110,620
Improvements Assessment
$464,040
Total Assessment
$574,660
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West Marine | 24369 Canal Rd
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