- For Sale $1,725,000
- Property Type Retail
- Property Size 700 SF
- Lot Size 0.48 Acre
- Cap Rate % 6.5
- Date Updated Apr 14, 2026
Description
Description
- The tenant will sign a brand new 15-year lease at close of escrow with 4 (5-year) options to extend, demonstrating commitment to the site
- The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period, growing NOI and hedging against inflation
- Local franchisee operator with a personally guaranteed lease from the two operators
Location
- The subject property is strategically located along S Memorial Dr, which averages over 21,200 vehicles passing by daily
- The site is in the center of a primary retail corridor with major national/credit tenants including a Walmart Supercenter, Publix, Home Depot, Lowe’s, Target, Goodwill, McDonald’s, Wendy’s, and more
- Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
False
Contacts
Patrick Luther
SRS Real Estate Partners
Matthew Mousavi
SRS Real Estate Partners
Cooper Smith
SRS Real Estate Partners
Location
Contact 400 S. Memorial Drive prattville
