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AT&T - Dothan AL 2927 Ross Clark Cir 5,500 SF Retail Building Dothan, AL 36301 $1,751,000 ($318.36/SF) 6.50% Cap Rate
Investment Highlights
- Recently Extended Lease | Options To Extend | Annual Rental Increase | Established Tenant
- Nearby National Credit Tenants | High Traffic Counts | Excellent Visibility & Access
- Strong Demographics In Immediate Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- New Amazon Distribution Facility | Strong Regional Connectivity New Developments | Infrastructure Improvements
Executive Summary
• AT&T recently exercised its option and extended the lease through 2032
• Established credit tenant operating at the site since 1996
• Lease features 2% annual rental increases, steadily growing NOI and providing a hedge against inflation
• Established credit tenant operating at the site since 1996
• Lease features 2% annual rental increases, steadily growing NOI and providing a hedge against inflation
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
5,500 SF
Building Class
C
Year Built
1997
Price
$1,751,000
Price Per SF
$318.36
Cap Rate
6.50%
NOI
$113,820
Tenancy
Single
Building Height
1 Story
Building FAR
0.13
Lot Size
0.97 AC
Zoning
Commercial - Retail Store
Parking
35 Spaces (6.36 Spaces per 1,000 SF Leased)
Frontage
152’ on Ross Clark Circle
Amenities
- Pylon Sign
Fairly walkable
40/100
Very drivable
80/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 09-05-22-3-002-002-003 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $154,480 |
Property Taxes
Parcel Number
09-05-22-3-002-002-003
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$154,480
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AT&T - Dothan AL | 2927 Ross Clark Cir
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