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3565 Lower Wetumpka Rd 2,200 SF Retail Building Montgomery, AL 36110 $2,700,000 ($1,227.27/SF) 6.47% Cap Rate
Investment Highlights
- New Circle K Gas Station
- Long term lease over 15 years with Increases
Executive Summary
Very successful Circle K with over 15 year lease for sale.
Strategically located just off SR 152 exit with multiple points of ingress/egress.
Flat topography with strong visibility along Forbes Drive & Lower Wetumpka Road.
Strong traffic counts of ±10,665 VPD along Lower Wetumpka Road
Strategically located just off SR 152 exit with multiple points of ingress/egress.
Flat topography with strong visibility along Forbes Drive & Lower Wetumpka Road.
Strong traffic counts of ±10,665 VPD along Lower Wetumpka Road
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,200 SF
Building Class
B
Year Built
2021
Price
$2,700,000
Price Per SF
$1,227.27
Cap Rate
6.47%
NOI
$174,681
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.05 AC
Zoning
C-1 - GENERAL BUSINESS
Amenities
- Corner Lot
- Dedicated Turn Lane
Somewhat walkable
20/100
Very drivable
80/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 04-09-29-2-019-002.000 | Improvements Assessment | $144,800 |
| Land Assessment | $15,600 | Total Assessment | $160,400 |
Property Taxes
Parcel Number
04-09-29-2-019-002.000
Land Assessment
$15,600
Improvements Assessment
$144,800
Total Assessment
$160,400
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3565 Lower Wetumpka Rd