Listed by ACRE Real Estate Partners
$275,000
10719 Landmark Lane
Details
Property Type Retail, Industrial
Sub Type Restaurant, Flex
Square Footage 4,160
Net Rentable (SqFt) 4,610
Units 1
Cap Rate 7.01%
NOI $19,275
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Expiration 07/01/2026
Price per SqFt $66
Class C
Year Built 1977
Year Renovated 2015
Buildings 1
Acreage 1.300
Zoning none
Investment Type Value Add
Tenant Credit No Credit Rating
Ground Lease No
Sale Condition N/A
Flex Building on HWY 11
Marketing description
6100+/- ft2 flex building on HWY 11 in Coaling. Within 10 miles of Mercedes in Vance. Currently being used a daycare facility, tenant willing to renew current lease.
Investment highlights
- 6100+/- ft2 flex building
- Level 1.3 acre lot with 298+/- ft of road frontage on Hwy 11
- Less than 10 Miles to Mercedes Manufacturing in Vance
- Less than 15 Miles to the CBD in Tuscaloosa and the University of Alabama
- Currently Leased as Day Care Facility. Current tenant interested in renewing their lease.
Listing Contacts
Listed by ACRE Real Estate Partners
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$19,275.00
$1,606.25/mo
Valuation Metrics
0
DSCR
7.01%
Cap Rate
7.01%
ROI
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