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Price Reduced: Rest/ Retail NNN Lease 502 Martin Luther King Jr Pky 1,890 SF Retail Building Phenix City, AL 36869 $624,627 ($330.49/SF) 10.20% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term NNN lease in building
- Profitable ATM in the parking lot
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,890 SF
Building Class
B
Year Built
1998
Price
$624,627
Price Per SF
$330.49
Cap Rate
10.20%
NOI
$63,711
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.39 AC
Zoning
C3 - Commercial Zoning
Parking
40 Spaces (21.16 Spaces per 1,000 SF Leased)
Frontage
300’ on Hwy 431
AMENITIES
- Restaurant
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-05-22-01-006-001.000 | Improvements Assessment | $116,100 |
| Land Assessment | $39,640 | Total Assessment | $155,740 |
PROPERTY TAXES
Parcel Number
05-05-22-01-006-001.000
Land Assessment
$39,640
Improvements Assessment
$116,100
Total Assessment
$155,740
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Price Reduced: Rest/ Retail NNN Lease | 502 Martin Luther King Jr Pky
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