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1471 S Highway 21 Byp
Monroeville, AL 36460

$902,000 USD

Freestanding For Sale  •  7,000 SF

Property Details

  • Property Type Freestanding
  • Total Building Size 7,000 SF
  • Lot Size 0.83 AC
  • Building Class C
  • Year Built 1995
  • Cap Rate 8.25 %
  • Tenancy Single
  • Zoning C
30 Walk Score

Highlights

STRONG HISTORICAL OCCUPANCY: 5 years remaining on corporate lease with an ATTRACTIVE 15.8% rental escalation on last renewal option (January 1, 2032)!
CORPORATE GUARANTEED LEASE: Successfully open & operating since 1995 & currently in their 5th renewal option w/ attractive 7.04% Rent to Sales Ratio
Positioned on a ±0.826-acre lot – across the street from a Tractor Supply Co./ Marvin’s Anchored Retail Center
STRONG INTRINSIC VALUE: Priced below replacement cost with low rents in-place – $10.63 psf
2025 DEMOGRAPHICS: Total Population (5MI): 53,865 | Average Household Income (1MI): $61,044

Property Flyers

Cap Rate: 8.25 %

Major Tenants

Tenant SF Occupied Lease End Date
Advance Auto Parts

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC
Kendall Carlsen 480-718-5555 Commercial Investment Advisors, INC