1205 W Meighan Blvd
Gadsden, AL
Price:
$2,625,000
Cap Rate:
6.00%
NOI:
$157,500
Building Size:
Approx. 2,733 Sq. Ft.
Lot Size:
Approx. 1.05 Acres
Type:
Single-Tenant / Retail
Sub Category:
Convenience / Gas
Year Built:
1997
Investment Overview
- 1997 Construction. 2,733+/- SF Building on 1.05+/- Acre Site
- 4.2 Years Remaining on Absolute NNN Lease with 5% Rental Increases Every 5 Years in both the Primary Term and Renewal Options and (5) 5-Year Options
- Prime Positioning with 36,025 VPD – Property Benefits from Direct Frontage on West Meighan Boulevard
- Established National Retail Corridor Anchored by Walmart and Daily-Needs Retailers Such as Dollar General, Family Dollar, Napa Auto Parts, & More
- Near Healthcare, Education, and Tourism Demand Drivers – Gadsden Regional Medical Center, Riverview Regional Medical Center, & More
- Circle K has a Investment Grade Credit Rating of BBB+ – With 17,300+ Locations it is the #2 U.S. Convenience Store Chain
- Gadsden | Commercial and Healthcare Hub for Northeast Alabama | MSA Population: 103,000+