145 Hueytown Plz | Bessemer, AL 35023
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145 Hueytown Plz
Bessemer, AL 35023
Hueytown Plaza · Retail Property For Sale
Executive Summary
Marcus and Millichap is pleased to present this Neighborhood Center for sale in Hueytown, Alabama. This Property is
grocery anchored by Food Giant and is also home to another national tenant in Region's bank. Both these tenants are
recession proof, giving an investor conidence through all economic cycles that the anchors will continue to succeed.
Additionally, the tenant mix is very diversiied, helping to yield high foot trafic to the center.
Hitting the market at an 8.76% cap rate, this property stands to be an exceptional opportunity for an investor looking for a
high yield investment. Additionally, with all gross leases currently, there is opportunity to convert to NNN upon lease
expirations to increase the property value and reduce landlord responsibility.
grocery anchored by Food Giant and is also home to another national tenant in Region's bank. Both these tenants are
recession proof, giving an investor conidence through all economic cycles that the anchors will continue to succeed.
Additionally, the tenant mix is very diversiied, helping to yield high foot trafic to the center.
Hitting the market at an 8.76% cap rate, this property stands to be an exceptional opportunity for an investor looking for a
high yield investment. Additionally, with all gross leases currently, there is opportunity to convert to NNN upon lease
expirations to increase the property value and reduce landlord responsibility.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
43,650 SF
Building Class
C
Year Built
1965
Price
$2,750,000
Price Per SF
$63
Cap Rate
8.76%
NOI
$240,900
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
1 Exterior
Building FAR
0.21
Lot Size
4.88 AC
Zoning
B2
Parking
300 Spaces (6.87 Spaces per 1,000 SF Leased)
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
| Parcel Number | 30-00-30-1-005-019.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $555,560 |
PROPERTY TAXES
Parcel Number
30-00-30-1-005-019.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$555,560
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