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31277721

12645 U.S. 80, Pike Road, AL 36064 For Sale

DP
AL 000057829
Aronov Realty Brokerage
MB
GA 385824
SRS Real Estate Partners Atlanta
Listed by Aronov Realty Brokerage, SRS Real Estate Partners Atlanta
$9,429,000
120 days on market
Updated 2 days ago

Eagle Gas - Pike Road AL

Details
APN 08-05-15-0-002-003.001
Property Type Retail
Sub Type Convenience Store, Gas Station
Square Footage 7,647
Net Rentable (SqFt) 7,647
Cap Rate 7.00%
NOI $660,000
Occupancy 100%
Tenancy Single
Brand/Tenant Eagle Gas
Lease Type Absolute NNN
Lease Term 15
Rent Bumps Yes
Lease Options 3 (5-Year) Options
Broker Co-Op Yes
Year Built 2022
Year Renovated 2022
Buildings 1
Stories 1
Acreage 1.720
Zoning General Commercial
Parking Spaces 45 spaces
Parking per 1,000 SqFt 5.88
Investment Type Net Lease
Ground Lease No
Ownership Fee Simple
Sale Condition Sale for leaseback

Retail | 7.00% CAP | 7,647 SqFt

Marketing description

Introducing a prime investment opportunity in Pike Road, AL! This 7,647 SF building, constructed in 2022, boasts 100% occupancy, presenting a solid, income-generating asset. With Eagle Gas set to sign a new 15-year lease at COE, featuring 2% annual rental increases and multiple 5-year options, this NNN sale-leaseback offers a hassle-free, fee simple ownership. Ideally positioned off Interstate 85 with a high ADT of 45,505, this property is along a main commuter route from Pike Road to Montgomery. A strategic location coupled with strong demographics and proximity to affluent neighborhoods make this a compelling investment opportunity.

Nestled in the thriving Pike Road area of Alabama, the location surrounding the property at 12645 US 80, presents an exciting retail opportunity. Situated off I-85 with an impressive ADT of 45,505, this area is primed to attract significant consumer traffic and drive retail success. Pike Road itself is recognized as one of the fastest-growing municipalities in the state, offering an environment conducive to business growth and prosperity. With close proximity to numerous high-income neighborhoods and an affluent average household income exceeding $135,449 within 5 miles, investors have the opportunity to tap into a lucrative market in a rapidly expanding and affluent community.

Investment highlights

  • Eagle Gas Will Sign a Brand New 15 Year Lease at COE
  • 2% Annual Rental Increases and 3 (5-Year) Options
  • NNN Sale-Leaseback, Fee Simple Ownership, Zero Landlord Responsibilities
  • Ideally Located Off Interstate 85 with an ADT of 45,505
  • Along a Main Commuter Route from Pike Road to Montgomery
  • Strong Demographics Within a 5 Mile Radius with AHI of $135,449
  • Close Proximity to Numerous High Income Neighborhoods
  • The Pike Road Area is One of the Fastest Growing Municipalities in the State

Listing Contacts

DP
AL 000057829
Aronov Realty Brokerage
MB
GA 385824
SRS Real Estate Partners Atlanta
Listed by Aronov Realty Brokerage, SRS Real Estate Partners Atlanta

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$660,000.00
$55,000.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Martin Smith
License
AL License No. 000070431
Brokerage
SRS Real Estate Partners, LLC
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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