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CVS with 12+ Yrs Remaining on 20-Yr. Lease 6891 Vaughn Rd 10,000 SF Retail Building Montgomery, AL 36116 $3,201,000 ($320.10/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Over 12-Years Remaining on 20-Year Lease Extension
- Investment Grade Credit Rated Tenant
- Hard Corner at Signalized Intersection with 48,100 VPD
- 2.5 Miles to Auburn University at Montgomery
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
10,000 SF
Building Class
C
Year Built
1998
Price
$3,201,000
Price Per SF
$320.10
Cap Rate
6.50%
NOI
$208,069
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
1.37 AC
Zoning
B-2
Parking
54 Spaces (5.4 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 09-09-30-1-000-030.000 | Improvements Assessment | $194,700 |
| Land Assessment | $155,160 | Total Assessment | $349,860 |
PROPERTY TAXES
Parcel Number
09-09-30-1-000-030.000
Land Assessment
$155,160
Improvements Assessment
$194,700
Total Assessment
$349,860
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CVS with 12+ Yrs Remaining on 20-Yr. Lease | 6891 Vaughn Rd
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