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50 Cropwell Dr 6,000 SF 100% Leased Retail Building Pell City, AL 35128 $845,000 ($140.83/SF) 8.52% Cap Rate
EXECUTIVE SUMMARY
3,000sf Occupied by Pediatric Dental Associates of Alabama - Lease is a 10 year term from November 2020 and expires November 2030. Rate started at $18/sf and will be at $20.20 starting November 2025 - which gives a little over 5 years of term remaining. Lease is NNN.
3,000sf Occupied by Pediatric Dental Associates of Alabama - Lease is Year to Year and rate is $15,000 annually. Landlord is the tenant and simply needed the extra office space. This space can be vacated within 60 days for an owner user.
3,000sf Occupied by Pediatric Dental Associates of Alabama - Lease is Year to Year and rate is $15,000 annually. Landlord is the tenant and simply needed the extra office space. This space can be vacated within 60 days for an owner user.
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Freestanding
Building Size
6,000 SF
Building Class
B
Year Built
2009
Price
$845,000
Price Per SF
$140.83
Cap Rate
8.52%
NOI
$72,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.30
Lot Size
0.46 AC
Zoning
B-s
Parking
27 Spaces (4.5 Spaces per 1,000 SF Leased)
Frontage
98’ on Cropwell Dr
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Pediatric Dental Associates of Alabama
- Health Care and Social Assistance
- 3,000 SF
- $20.00
- Triple Net
- Nov 2030
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Pediatric Dental Associates of Alabama | Health Care and Social Assistance | 3,000 SF | $20.00 | Triple Net | Nov 2030 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 28-06-13-4-001-001.013 | Improvements Assessment | $69,752 |
| Land Assessment | $13,720 | Total Assessment | $83,472 |
PROPERTY TAXES
Parcel Number
28-06-13-4-001-001.013
Land Assessment
$13,720
Improvements Assessment
$69,752
Total Assessment
$83,472
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50 Cropwell Dr
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