752 Main Street | 752 E Main St
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752 Main Street 752 E Main St
3,600 SF 100% Leased Retail Building Prattville, AL 36067 $475,000 ($132/SF) 9.88% Cap Rate
Investment Highlights
- Free standing building with drive through.
- Easy access from main street with alternate exit drive at rear of property.
- High visibility for any businesss
Executive Summary
Prime location with easy access and high visibility. Drive through with driveway connection to alternate site exit.
NOI is based on Proforma of anticipated rent.
NOI is based on Proforma of anticipated rent.
Financial Summary (Pro forma - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$52,200
|
$14.50
|
| Other Income |
$2,662
|
$0.74
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$54,862
|
$15.24
|
| Taxes |
$3,031
|
$0.84
|
| Operating Expenses |
$4,880
|
$1.36
|
| Total Expenses |
$7,911
|
$2.20
|
| Net Operating Income |
$46,951
|
$13.04
|
Financial Summary (Pro forma - 2023)
| Gross Rental Income | |
|---|---|
| Annual | $52,200 |
| Annual Per SF | $14.50 |
| Other Income | |
|---|---|
| Annual | $2,662 |
| Annual Per SF | $0.74 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $54,862 |
| Annual Per SF | $15.24 |
| Taxes | |
|---|---|
| Annual | $3,031 |
| Annual Per SF | $0.84 |
| Operating Expenses | |
|---|---|
| Annual | $4,880 |
| Annual Per SF | $1.36 |
| Total Expenses | |
|---|---|
| Annual | $7,911 |
| Annual Per SF | $2.20 |
| Net Operating Income | |
|---|---|
| Annual | $46,951 |
| Annual Per SF | $13.04 |
Property Facts
Sale Type
Investment
Sale Condition
Lease Option
Property Type
Retail
Property Subtype
Building Size
3,600 SF
Building Class
C
Year Built
1990
Price
$475,000
Price Per SF
$132
Cap Rate
9.88%
NOI
$46,951
Percent Leased
100%
Building Height
1 Story
Building FAR
0.23
Lot Size
0.36 AC
Opportunity Zone
Yes
Parking
31 Spaces (8.61 Spaces per 1,000 SF Leased)
Frontage
100 FT on Main Street
About 752 E Main St , Prattville, AL 36067
Single Tenant property on Main Street in Prattville AL at intersection with US Highway 31 South. Easy access with alternate access to Loddie Street to the East. High visibility and competitive location for any retail/office user.
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 19-05-16-1-001-003-001-0 | Total Assessment | $114,500 (2024) |
| Land Assessment | $0 (2024) | Annual Taxes | $3,031 ($0.84/SF) |
| Improvements Assessment | $0 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
19-05-16-1-001-003-001-0
Land Assessment
$0 (2024)
Improvements Assessment
$0 (2024)
Total Assessment
$114,500 (2024)
Annual Taxes
$3,031 ($0.84/SF)
Tax Year
2023
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752 Main Street | 752 E Main St
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