AL-75 & Bellview Road Henagar AL, Henagar, AL 35978
Long-term lease with investment-grade tenant in a high-traffic location.
- Added:
- Sep 23, 2022
- Days on Market:
- 1361
- Last Refresh:
- May 19 at 9:02 pm
Property Features for AL-75 & Bellview Road Henagar AL
General Information
- Standard status
- Active
- Size
- 10,500 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2022
Listing agent Joe Boyd License #SC
Listing office Twin Rivers Capital Real Estate Development
Listing date Sep 23, 2022
Source Crexi
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HighLights
- Long‑term (10+ year) lease provides stable income.
- Investment‑grade tenant minimizes risk.
- Recession‑proof business ensures consistent revenue.
- E‑commerce resistant tenant protects against online competition.
- Ultra‑successful combo store format attracts customers.
- Hard corner location with access to two roads (AL‑75 & AL‑40).
Overview
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $167.6k | $15.96 |
| − Vacancy | −$13.1k | −$1.24 |
| EGI | $154.5k | $14.72 |
| − OpEx | −$38.6k | −$3.68 |
| NOI | $115.9k | $11.04 |
Alternative Uses
Current Use by Public Records
Map
- City
- Henagar
- County
- DeKalb
- State
- Alabama
- Longitude
- -85.7217
- Latitude
- 34.6124