3340 Ross Clark Cir, Dothan, AL

Listing agent Kevin Brandes

Listing office ONE Street k***@brandes.com Show Phone

Listing date Aug 22, 2024

Source Moodyscre

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Overview

This retail property offers an attractive 6.75% in-place cap rate. The current lease term has 3 years remaining, with two available 5-year lease extensions. The lease includes a 5% in place percentage rent bonus, which is not calculated in the cap rate. Triggered extensions include 15% rent increases. The property benefits from a daily traffic count of 33,179. The property size is 10,483 square feet.

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Dothan

County

Houston

State

Alabama

Longitude

-85.4302

Latitude

31.2399

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FAQs

What type of property is this?

Retail space - Retail property with attractive cap rate and lease extension options.

Where is this retail space located?

The property is located at 3340 Ross Clark Cir Dothan, AL.

What is the asking price?

The asking price for this property is $2,999,900.

What are key features of this property?

This property features: Attractive 6.75% in‑place cap rate; 5% in place percentage rent bonus, NOT calculated in the cap rate; Two, 5‑year lease extensions available