Current Use by Public Records
- Retail properties & Spaces
Property Details for 5350 Us-280
- Year built
- 1970
- Lot size
- 0.94 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Auto shops
Description
This exceptional investment opportunity presents a 17,500-square-foot auto shop in Harpersville, Alabama, situated on a 0.94-acre lot at 5350 US-280, zip code 35078. The property boasts a 20-year absolute triple-net (NNN) lease with a prominent, rapidly expanding corporate tenant, providing significant long-term stability and minimal landlord responsibilities. The lease commenced upon closing and features annual rent of $232,305, with built-in 2% annual rental increases, ensuring consistent income growth. The lease includes four, five-year renewal options, extending the potential lease term to a total of 40 years. The tenant's strong corporate guarantee further mitigates risk. Built in 1970, this 100% occupied property offers a compelling 7.00% cap rate, making it an attractive addition to any investment portfolio. The property's location in Shelby County provides excellent access and visibility. This is a turnkey investment with substantial upside potential. The property is currently generating a net operating income (NOI) of $232,305.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Harpersville
- County
- Shelby
- State
- Alabama
- Longitude
- -86.4383
- Latitude
- 33.3445
