118-122 N Craft Hwy
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118-122 N Craft Hwy
25,000 SF 40% Leased Retail Building Chickasaw, AL 36611 $875,000 ($35/SF) 3.43% Cap Rate
Investment Highlights
- Daily Traffic Count - 11,790
Executive Summary
This building consists of two large box spaces, one is 10,000 sqft (occupied) and the other is 15,000 sqft (vacant). Income for the occupied
space available upon request. There is an unimproved lot on North side of the building that is part of the property.
space available upon request. There is an unimproved lot on North side of the building that is part of the property.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
Sale Type
Investment or Owner User
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
25,000 SF
Building Class
C
Year Built
1964
Price
$875,000
Price Per SF
$35
Cap Rate
3.43%
NOI
$30,000
Percent Leased
40%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.31
Lot Size
1.85 AC
Zoning
B-3
Parking
38 Spaces (1.52 Spaces per 1,000 SF Leased)
Frontage
206 FT on North Craft Highway
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 22-08-44-0-017-496.01 | Improvements Assessment | $44,000 |
| Land Assessment | $8,800 | Total Assessment | $52,800 |
PROPERTY TAXES
Parcel Number
22-08-44-0-017-496.01
Land Assessment
$8,800
Improvements Assessment
$44,000
Total Assessment
$52,800
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118-122 N Craft Hwy
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