Retail
For Sale
Contact for pricing
400 S Memorial Dr, Prattville, AL 36067
New long-term lease structure with scheduled rental increases and operator guarantees supports the property.
Property Size2,481 SF
Price / SF$695.28
Days on Market1220
Property Features for 400 S Memorial Dr
General Information
Standard status
Active
Size
2,481 SF
Property subtype
RETAIL
Listing Agency:
SRS Real Estate Partners | Birmingham
(205) 259-2195
Listed By:
Cooper Smith
(205) 706-0404
Source:
Moodyscre
Added: May 16, 2023
Changed: Sep 5
Last Checked: Sep 15 at 9:49AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SRS Real Estate Partners | Birmingham
Investment Insights
Based on property information with market context.
This 2,481-square-foot retail space at 400 S Memorial Dr in Prattville, Alabama, is structured around a new lease to be signed at close of escrow. The initial lease term is 15 years, with four 5-year options to extend. Rental increases of 10% occur every 5 years during the initial term and at the beginning of each option period.
The lease is associated with a local franchisee operator and includes a personal guarantee from the two operators. The property offers a defined long-term occupancy structure with scheduled contractual increases and extension options.
The lease is associated with a local franchisee operator and includes a personal guarantee from the two operators. The property offers a defined long-term occupancy structure with scheduled contractual increases and extension options.
Key Highlights
- 2,481‑square‑foot retail space at 400 S Memorial Dr, Prattville, AL 36067
- New 15‑year lease to be signed at close of escrow
- Four 5‑year options to extend
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
Explore this area
Business Placement
Demographics for 36067, AL
27,534
Population
11,481
Households
2.4
Avg Household Size
39
Median Age
22%
College-Educated
87%
High-School Grad
244.3 sq mi
ZIP Area
113
Density / Sq Mi
$64,837
Median Household Income
$37,903
Median Earnings
$985
Median Rent
$180,100
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Retail space - New long-term lease structure with scheduled rental increases and operator guarantees supports the property.
Where is this retail space located?
The property is located at 400 S Memorial Dr Prattville, AL.
What is the asking price?
The asking price for this property is $1,725,000.
What are key features of this property?
This property features: 2,481‑square‑foot retail space at 400 S Memorial Dr, Prattville, AL 36067; New 15‑year lease to be signed at close of escrow; Four 5‑year options to extend
