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Dollar Tree 27 Park Rd 20,740 SF Retail Building Pleasant Grove, AL 35127 $1,063,000 ($51.25/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Signed Lease from Dollar Tree
- Value Add Opportunity
- Limited Landlord Responsibilities
- More Than 81,000 Residents and 19,900 Employees Support The Trade Area
EXECUTIVE SUMMARY
Dollar Tree recently exercised their 5yr option to extend their lease showing strong commitment to this location. The additional space included provides an investor with major upside through adding another tenant.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
20,740 SF
Building Class
B
Year Built/Renovated
1990/2004
Price
$1,063,000
Price Per SF
$51.25
Cap Rate
8%
NOI
$85,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
1.51 AC
Zoning
B-2 - Business Commercial
Parking
50 Spaces (2.41 Spaces per 1,000 SF Leased)
Frontage
217’ on Park Rd
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 30-00-09-1-001-001.018 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $354,460 |
PROPERTY TAXES
Parcel Number
30-00-09-1-001-001.018
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$354,460
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Dollar Tree | 27 Park Rd
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