Listed by SRS Real Estate Partners Newport Beach
$1,470,000
Gerber Collision & Glass | NNN | Huntsville, AL MSA
Details
APN 03-09-30-1-001-025.001, 03-09-30-1-001-028.000, 03-09-30-1-001-029.000
Property Type Retail
Sub Type Auto Shop
Square Footage 4,200
Cap Rate 7.25%
NOI $106,532
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15.1
Lease Expiration 10/31/2029
Remaining Term 3.3
Rent Bumps Yes
Lease Options 3 (5-Year) renewal options
Pro-Forma NOI $106,532
Year Built 1989
Acreage 0.580
Zoning UC-MX (Urban Corridor Mixed Use District)
Parking Spaces 35 spaces
Parking per 1,000 SqFt 8.33
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 10/01/2014
Ground Lease No
Ownership Fee Simple
Small Price Point | Annual Increases | NNN
Marketing description
SRS Real Estate Partners is pleased to exclusively offer for sale a single tenant absolute NNN investment opportunity occupied by Gerber Collision & Glass located at 1311 5th Avenue SE in Decatur, Alabama. This property offers stable cash flow with annual rental increases and options to extend. Gerber Collision & Glass occupies the subject property under an absolute NNN lease with over 3 years remaining and three (5-Year) renewal options, demonstrating long-term commitment to the location. The property features 2% annual rental increases throughout the lease term and renewal options providing predictable NOI growth and a hedge against inflation.
Investment highlights
- Gerber Collision & Glass occupies the subject property under an absolute NNN lease
- Over 3 years remaining with three (5-Year) renewal options, demonstrating long-term commitment to the location
- 2% annual rental increases throughout the lease term and renewal options provide predictable NOI growth and a hedge against inflation
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$106,532.00
$8,877.67/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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