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Le Mar Plaza 905 E Cummings Ave 73,900 SF 100% Leased Retail Building Opp, AL 36467 $1,900,000 ($25.71/SF) 9.06% Cap Rate
Investment Highlights
- Centrally located- easily accessible for residents from various surrounding communities.
- Multiple entrances and exits for easy access, allowing customers to enter and exit the premises smoothly.
- Proximity to major transportation routes- Approximately 1 mile from Highway 331.
- Ample parking space.
- High visibility from surrounding area.
Executive Summary
100% occuoancy! A 73,900 square foot retail center, located in a prime opportunity site. Anchored by IGA, Dollar General, Maxway. Visited by over 160,000 customers annually and bringing in approximately $2.7 million in sales each year.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
73,900 SF
Building Class
C
Year Built
1970
Price
$1,900,000
Price Per SF
$25.71
Cap Rate
9.06%
NOI
$172,125
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
9.60 AC
Opportunity Zone
Yes
Parking
250 Spaces (3.38 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 11-08-33-1-001-017.000 | Improvements Assessment | $121,112 |
| Land Assessment | $26,880 | Total Assessment | $147,992 |
Property Taxes
Parcel Number
11-08-33-1-001-017.000
Land Assessment
$26,880
Improvements Assessment
$121,112
Total Assessment
$147,992
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Le Mar Plaza | 905 E Cummings Ave
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