523 4th Ave SE | Red Bay, AL 35582
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- LoopNet Team
523 4th Ave SE
Red Bay, AL 35582
Dollar Tree Net Lease Investment Opportunity · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Dollar Tree spent $300,000 and renovated former ± 9,402 SF CVS with a 7-year initial NN lease term
- Red Bay attracts RV owners from all over the U.S. to visit the Tiffin Motorhomes manufacturing facility which employees over 1,500 people
- Corporate guaranteed by Dollar Tree | Value priced well below other active comps on the market
- “Bite size” investment under $1,000,000 offering at a 7.2% cap rate
- Visitors use Red Bay year-round as “home base” while their RV is being refurbished or repaired
- Nancy Miller, Alabama License #: 000093159-0
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
9,402 SF
Building Class
C
Year Built
1996
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
1.18 AC
Frontage
250’ on 4TH AVE
AMENITIES
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 07-04-20-4-000-042.003-0 | Improvements Assessment | $407,180 |
| Land Assessment | $6,520 | Total Assessment | $413,700 |
PROPERTY TAXES
Parcel Number
07-04-20-4-000-042.003-0
Land Assessment
$6,520
Improvements Assessment
$407,180
Total Assessment
$413,700
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