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First Watch - Foley AL 3060 S McKenzie St 7,128 SF Retail Building Foley, AL 36535 $4,073,000 ($571.41/SF) 5.50% Cap Rate
Investment Highlights
- Brand New 15-Year Lease | Options To Extend | Scheduled Increases
- Dense Retail Corridor | Tanger Outlets Foley (516,000 SF) | Riviera Square (163,000 SF)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Located Along S McKenzie St (41,900 VPD) | Centralized Location | Excellent Visibility & Access
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
7,128 SF
Building Class
B
Year Built/Renovated
2001/2025
Price
$4,073,000
Price Per SF
$571.41
Cap Rate
5.50%
NOI
$224,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
1.76 AC
Opportunity Zone
Yes
Zoning
Commercial
Parking
118 Spaces (16.55 Spaces per 1,000 SF Leased)
Frontage
112’ on Mckenzie St
Amenities
- Pylon Sign
- Restaurant
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $196,480 | |
| Land Assessment | $245,920 | Total Assessment | $442,400 |
Property Taxes
Parcel Numbers
Land Assessment
$245,920
Improvements Assessment
$196,480
Total Assessment
$442,400
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First Watch - Foley AL | 3060 S McKenzie St
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