Listed by Shannon Waltchack
$445,000
217 1st Street North
Details
Property Type Retail
Square Footage 3,800
NOI $34,576
Occupancy 100%
Tenancy Single
Brand/Tenant Salon 5
Remaining Term 2.5
Ground Lease No
Investment Sale | Long-term Tenant in Alabaster
Marketing description
Great investment opportunity in Alabaster with a long-term tenant, Salon 5, in place for over 20 years (2.5 years remaining on lease)
Situated in the heart of the Medical Mile along Highway 31 with convenient access to I-65
Located in rapidly growing Alabaster, 25 minutes south of Birmingham
Private parking
Excellent visibility with frontage on Highway 31
New roof and front deck
Listing Contacts
Listed by Shannon Waltchack
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$34,576.00
$2,881.33/mo
Valuation Metrics
0
DSCR
7.77%
Cap Rate
7.77%
ROI
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