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708 E Main St
Prattville, AL 36067

8.53% Cap CVS Zero Cash Flow · Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
13,225 SF
Building Class
B
Year Built
2009
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Land Acres
1.42 AC
Zoning
B-2, General Business - General Business Zoning
Parking
70 Spaces (5.29 Spaces per 1,000 SF Leased)
Frontage
158 FT on E Main St

Amenities

  • 24 Hour Access
  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Drive Thru

About 708 E Main St , Prattville, AL 36067

Pegasus Investments, as exclusively authorized representative of Seller, is pleased to offer the rare opportunity to acquire a single tenant zero cash flow CVS Pharmacy in Prattville, AL. The deal features assumable, self-amortizing financing with a fixed interest rate allows investor to achieve a fully paid off property by the end of the lease term and assumes no interest rate risk. The advantageous paydown structure allows for low equity contributions with high long-term return on initial investments. Additionally, the re-advance structure allows withdrawal of money over and above percentage over the debt. The property is located in the highly sought after Montgomery suburb of Prattville, AL. Recently constructed in 2009, the property is situated at the entrance to the Prattville Plaza Shopping Center. The property's difficult to replace location has provided CVS Pharmacy with a long term dominant position in the market.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
19-05-16-1-001-005-003-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$848,700
  • Listing ID: 4981452

  • Date on Market: 11/23/2016

  • Last Updated:

  • Address: 708 E Main St, Prattville, AL 36067

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