41123 US-72, Stevenson, AL 35772

Commercial property for lease

• Description
• This property is now for sale where previously we were only marketing the empty suite for lease. This is a great opportunity for an investor to have a great return or user/investor to have a business on site in the vacant suite with minimal or no rent.When the vacant suite (2,800 SF) is leased, the property will have a 11% Cap Rate and an Internal Rate of Return (IRR) over over 40%. See pro forma which is attached. This assumes the suite is leased at $8/sf, NNN.Dollar General (DG) has just (1/1/2018) extended their lease for a 5-year term and has two 3-year extension options. They have been at this location some 20-years. The DG lease has the following payment conditions: base rent is $35,472/yr and they pay property taxes and insurance and $2,700 of CAMS per year.When the vacant suite is leased at $8/sf, NNN, , an additional $22,400/yr of income is added. Building price details: $525,000.
• Exterior Features

• Parking:	Yes
  Parking Spaces:	50
  Parking Type:	Surface

• Spaces Available

  Space 1

  Suite/Floor:	1
  Rental Rate:	$10.00 SF/Year
  Occupancy:	Vacant
  Lease Term:	60 Months
  Added Date:	2 Mar, 2018

• Contact info
• Robert Fisher

  KW Commercial
• Note

• Details Info about this row that located on 41123 US-72, Stevenson, AL 35772 was got from trusty sources, but HousesForSaleList.com can't guarantee that details about listing price, status, facts, images and owner are correct, because this listing can be changed or removed from market without notice. If You need to receive additional details about this property try to ask directly listing agent or owned.

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