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AL-75 & Bellview Road Henagar AL, Henagar, AL 35978
Long-term lease with investment-grade tenant in a high-traffic location.
Property Size10,500 SF
Price / SF$157.04
Days on Market1417
Property Features for AL-75 & Bellview Road Henagar AL
General Information
Standard status
Active
Size
10,500 SF
Total Parking Spaces
28
Property subtype
Retail
Zoning
B-1
Occupancy
100%
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$111,300
Building Details
Year Built
2022
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Twin Rivers Capital Real Estate Development
Listed By:
Joe Boyd · License #SC
Source:
Crexi
Added: Sep 23, 2022
Changed: Aug 8
Last Checked: Aug 8 at 11:52AM
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 Twin Rivers Capital Real Estate Development
Investment Insights
Based on property information with market context.
This commercial property features a tenant with a lease term exceeding 10 years. The tenant is investment grade, recession-proof, and e-commerce resistant, operating an ultra-successful combo store format. The property is located on a hard corner with access to both AL-75 and Bellview Road. Traffic volume on AL-75 is 4,940 vehicles per day (VPD), while AL-40 sees 4,450 VPD. The property size is 10500 square feet.
Key Highlights
- Long‑term (10+ year) lease provides stable income.
- Investment‑grade tenant minimizes risk.
- Recession‑proof business ensures consistent revenue.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$115,882
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,317,640
$2.3M
Cap Rate 7%
$1,655,457
$1.7M
Cap Rate 9%
$1,287,578
$1.3M
Market Conditions
NOI Build-Up for 10,500 SF
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.
Gross rent
$167.6K $15.96/SF
− Vacancy
−$13.1K −$1.24/SF
EGI
$154.5K $14.72/SF
− OpEx
−$38.6K −$3.68/SF
NOI
$115.9K $11.04/SF
Area
DeKalb County, AL
Vacancy
7.80%
Lease Rate
$15.96 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,317,640
Cap Rate 7%
$1,655,457
Cap Rate 9%
$1,287,578
Alternative Uses
Best Use
Specialty Retail
$1.66M
$1.45M – $1.93M
NOI $115,882 @ 7.0% cap · market cap 7.03%
Second Best
Retail
$907.2K
$793.8K – $1.06M
NOI $63,504 @ 7.0% cap · market cap 3.85%
Theoretical Best
Healthcare Medical
$1.69M
$1.48M – $1.97M
NOI $118,409 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
9
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35978, AL
5,436
Population
2,305
Households
2.4
Avg Household Size
43
Median Age
9%
College-Educated
83%
High-School Grad
69.4 sq mi
ZIP Area
78
Density / Sq Mi
$52,545
Median Household Income
$35,914
Median Earnings
$747
Median Rent
$123,900
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Grocery and convenience store - Long-term lease with investment-grade tenant in a high-traffic location.
Where is this grocery and convenience store located?
The property is located at AL-75 & Bellview Road Henagar AL Henagar, AL.
What is the asking price?
The asking price for this property is $1,648,900.
What are key features of this property?
This property features: Long‑term (10+ year) lease provides stable income.; Investment‑grade tenant minimizes risk.; Recession‑proof business ensures consistent revenue.
