502 MLK Blvd- Restaurant/ Retail 502 Martin Luther King Jr Pky
1,890 SF Retail Building Phenix City, AL 36869 $782,070 ($413.79/SF) 8% Cap Rate
INVESTMENT HIGHLIGHTS
- Long term NNN lease in building
- Profitable ATM in the parking lot
EXECUTIVE SUMMARY
This opportunity presents a 1,890 square foot seafood market and restaurant situated at 502 US Hwy 431 in Phenix City, Alabama. The
offering includes an Absolute Triple Net Lease (NNN), relieving the landlord of any property responsibilities and ensuring a secure
investment.
offering includes an Absolute Triple Net Lease (NNN), relieving the landlord of any property responsibilities and ensuring a secure
investment.
PROPERTY FACTS
Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Restaurant
Building Size
1,890 SF
Building Class
B
Year Built
1998
Price
$782,070
Price Per SF
$413.79
Cap Rate
8%
NOI
$62,565
Tenancy
Single
Building Height
1 Story
Building FAR
0.11
Lot Size
0.39 AC
Zoning
C3 - Commercial
Frontage
300’ on Hwy 431
AMENITIES
- Restaurant
- Signage
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 05-05-22-01-006-001.000 | Improvements Assessment | $116,100 |
| Land Assessment | $39,640 | Total Assessment | $155,740 |
