24221 Perdido Beach Boulevard
Orange Beach, AL
Price:
$3977000
Cap Rate:
7.65%
NOI:
$304,197
Building Size:
Approx. 6000 Sq. Ft.
Lot Size:
Approx. 1.63 Acres
Type:
Single-Tenant / Retail
Sub Category:
Casual Dining
Year Built:
2017
Investment Overview
- New Construction. 6,000+/- SF Building on 1.63+/- Acre Site
- 20-Yr Abs NNN Lease w/ 10% Rent Bumps Every 5-Yrs
- Located along Perdido Beach Blvd “HWY 182” (18,000 VPD)
- 5-Mile Radius: 40-High Rises | 1.5-Million Annual Visitors
- Subject property is within walking distance to the Seaside Beach
- Tourism: 5-Million+ Ann/Visitors & Injects $3 Billion to the local Eco.
- Local Attractions: Golf State Park | The Wharf | Orange Beach Island
- 3-Mile Radius: 2017 Est 728 Busi w/ 6,144 Empl l Avg. HH Income: $79,245
- Orange Beach is located 57-Miles S of Mobile, AL & 73-Mies W of Destin, FL