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501 2nd Ave N

9,000 SF Retail Building Clanton, AL 35045 $1,890,000 ($210/SF) 7.50% Cap Rate

Banks Alabama Clanton 501 2nd Ave N, Clanton, AL 35045

Investment Highlights

  • Property established as bank location in 1919 (formerly BB&T).
  • The Property is leased to Truist, the 9th largest bank in the United States.
  • Average household income of $61,459 within a 3-mile radius.
  • Within walking distance of 10 hotels and motels (over 825 rooms).
  • The Lease Agreement is "Absolute Net".
  • 3% Annual Rent increases.

Executive Summary

Kidder Mathews is pleased to present an exclusive investment offering for a single-tenant retail bank building located at 501 2nd Ave North, Clanton, AL 35045 (the "Property"). The Property is currently leased to Truist Bank ("Tenant") and is located next door to Clanton City Hall and across the street from the Chilton County Courthouse.

Attachments

501 2nd Ave N_OM

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
9,000 SF
Building Class
B
Year Built
1965
Price
$1,890,000
Price Per SF
$210
Cap Rate
7.50%
NOI
$141,750
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
1.00 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Parking
34 Spaces (3.78 Spaces per 1,000 SF Leased)
Frontage
68 FT on 2nd Ave N

Amenities

  • Pylon Sign
  • Drive Thru
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Nearby Major Retailers

Truist
Ymca
Regions Bank
Winn-Dixie

PROPERTY TAXES

Parcel Number 1107363006007000 Improvements Assessment $142,700
Land Assessment $10,500 Total Assessment $153,200

PROPERTY TAXES

Parcel Number
1107363006007000
Land Assessment
$10,500
Improvements Assessment
$142,700
Total Assessment
$153,200
(310) 312-1800

Contact

  • Listing ID: 32393571

  • Date on Market: 7/9/2024

  • Last Updated:

  • Address: 501 2nd Ave N, Clanton, AL 35045

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Truist bank
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501 2nd Ave N
(310) 312-1800 x

501 2nd Ave N

Charles DeSantis

(310) 312-1800

(310) 312-1800

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