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33404 US Highway 280
Childersburg, AL 35044
Tractor Supply · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- 1980 Construction With Complete Renovations in 2022 For Tractor Supply Co. to Include Outdoor Garden Center and Drive Thru Pick Up Area | 35,512-SF
- 5% Rental Increases Every 5 Years and in Each of Four, 5-Year Renewal Options | 6.12% Average Cap Rate Over the Remaining 12 Year Rental Period
- Corner Location With Strong Visibility Along 12th Ave/US-280 and Limbaugh Ave, Seeing 21,500+ Vehicles Per Day
- 12.5 Years Remaining on The Initial 15-Year Double Net Lease | Minimal Landlord Responsibilities
- Corporately Guaranteed Lease | Property Features Three Points of Ingress and Egress, Pylon Sign and a Large, Fully Lit Parking Lot
- Located Along the Main Retail Corridor in Childersburg Near Multiple National Tenants Including Taco Bell, McDonald’s, Piggly Wiggly, Days Inn, & more
EXECUTIVE SUMMARY
35,512-SF Tractor Supply on a Large +/-3.69 Acre Parcel
12.5 Years Remaining on The Initial 15-Year Double Net Lease
Minimal Landlord Responsibilities
12.5 Years Remaining on The Initial 15-Year Double Net Lease
Minimal Landlord Responsibilities
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Building Size
35,512 SF
Building Class
C
Year Built/Renovated
1980/1994
Price
$4,626,000
Price Per SF
$130.27
Cap Rate
5.75%
NOI
$266,000
Tenancy
Single
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.22
Lot Size
3.69 AC
Zoning
C1 - Commercial
Parking
220 Spaces (6.2 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
- Signage
PROPERTY TAXES
| Parcel Number | 22-09-29-2-002-001.000 | Improvements Assessment | $349,380 |
| Land Assessment | $195,580 | Total Assessment | $544,960 |
PROPERTY TAXES
Parcel Number
22-09-29-2-002-001.000
Land Assessment
$195,580
Improvements Assessment
$349,380
Total Assessment
$544,960
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