For Sale
$5,854,580

420 Fieldstown Rd Gardendale, AL 35071

Prime Gardendale storefront, 17.7-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 4,077 square foot storefront located at 420 Fieldstown Rd, Gardendale, Alabama, 35071. The property, built in 2023, sits on a 0.61-acre lot and is currently 100% occupied by Mach-1 Express Wash under a triple-net (NNN) lease. The lease commenced August 16, 2023, and extends for a substantial 19-year term, expiring August 15, 2042, leaving a remaining term of approximately 17.7 years. The asking price is $5,854,580, translating to a price per square foot of $1,567.57. This stabilized investment boasts an average annual rent value of $383,475, yielding a 6.55% cap rate. The property is part of a larger two-building portfolio in Alabama

Highlights

  • 6.55% cap rate based on $383,475 average annual net operating income (NOI).

Property Details for 420 Fieldstown Rd

Property type
Retail properties, Retail space
Square Feet
4,077 SF
Year Built
2023

Location Insight

City
Gardendale
County
Jefferson
State
Alabama
Latitude
33.652217
Longitude
-86.817213
420 Fieldstown Rd, Gardendale, Alabama

FAQs

What type of property is this?
Retail property - Prime Gardendale storefront, 17.7-year lease.
Where is the retail property located?
The property is located at 420 Fieldstown Rd Gardendale, AL.
What is the asking price?
The asking price for this property is $5,854,580.
What are key features of this property?
This property features: 6.55% cap rate based on $383,475 average annual net operating income (NOI).; ;
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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420 Fieldstown Rd
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