For Sale
$3,318,643
5350 Us-280 Harpersville, AL 35078
High-yield NNN lease, strong tenant.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 132
Highlights
- $3,318,643 asking price for a 17,500 SF net-leased auto shop in Harpersville, AL.
- 7.00% cap rate with a $232,305 annual net operating income (NOI).
- 20-year absolute triple-net (NNN) lease with 2% annual rent increases and four 5-year renewal options, extending the potential lease term to 40 years.
- Corporate guarantee from Main Street Auto, a rapidly growing automotive repair shop operator.
- 100% occupancy on a 0.94-acre lot, built in 1970.
Property Details for 5350 Us-280
- Property type
- Retail properties, Auto shops
- Square Feet
- 17,500 SF
- Year Built
- 1970
- Lot Size (sq. ft)
- 40,946 SF
Location Insight
- City
- Harpersville
- County
- Shelby
- State
- Alabama
- Latitude
- 33.344506
- Longitude
- -86.4382822
Nearby Similar for Sale
FAQs
- What type of property is this?
- Retail property - High-yield NNN lease, strong tenant.
- Where is the retail property located?
- The property is located at 5350 Us-280 Harpersville, AL.
- What is the asking price?
- The asking price for this property is $3,318,643.
- What are key features of this property?
- This property features: $3,318,643 asking price for a 17,500 SF net-leased auto shop in Harpersville, AL.; 7.00% cap rate with a $232,305 annual net operating income (NOI).; 20-year absolute triple-net (NNN) lease with 2% annual rent increases and four 5-year renewal options, extending the potential lease term to 40 years.
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