The Peach Cobbler Factory & T-Mobile Springville Station Rd 4,100 SF 100% Leased Retail Building Springville, AL 35146 $2,082,000 ($507.80/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Brand New Lease with Minimal Landlord Responsibilities: Brand new construction 10 year NN lease with options to extend providing passive ownership opp
- Affluent Area: The average household income within a 1 mile radius is $87,500.
- Well Positioned: Situated just off exit 156 on I- 59 which has a traffic count of over 30,000 VPD.
- Retail Dense Location: Located near other national tenants such as Walmart, Waffle House, Taco Bell, Zaxby’s Burger King, and Fresh Market
EXECUTIVE SUMMARY
PROPERTY FACTS
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Peach Cobbler Factory
- Retailer
- -
- $28.00
- Triple Net
- Apr 2034
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- Information
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- -
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Deutsche Telekom AG provides fixed-network/broadband, mobile communications, Internet, and IPTV products and services for consumers, and information and communication technology (ICT) solutions for business and corporate customers. Deutsche Telekom is present in many countries. Today, they are developing from a classic telephone company into a service company of a completely new type: the software company that sells telecommunications services. Because only a Telekom that is digitalised in all areas can continue the successful path of the past years. With their presence in Europe and the USA, they are ideally positioned for this. They want to become the leading digital telco. The core business, i.e. the operation and sale of networks and connections, will remain the basis.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Peach Cobbler Factory | Retailer | - | $28.00 | Triple Net | Apr 2034 | |
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Information | - | - | - | - |
PROPERTY TAXES
| Parcel Number | 13-08-33-0-000-001.004 | Improvements Assessment | $86,410 |
| Land Assessment | $51,740 | Total Assessment | $138,150 |
