420 Fieldstown Rd Gardendale, AL 35071
- Retail space
- 4,077 SF
Current Use by Public Records
- Retail space
Property Details for 420 Fieldstown Rd
- Year built
- 2023
- Property size
- 4,077 SF
- Property type
- Retail space
- Property subtype
- Storefront properties
Description
This exceptional investment opportunity presents a 4,077 square foot storefront located at 420 Fieldstown Rd, Gardendale, Alabama, 35071. The property, built in 2023, sits on a 0.61-acre lot and is currently 100% occupied by Mach-1 Express Wash under a triple-net (NNN) lease. The lease commenced August 16, 2023, and extends for a substantial 19-year term, expiring August 15, 2042, leaving a remaining term of approximately 17.7 years. The asking price is $5,854,580, translating to a price per square foot of $1,567.57. This stabilized investment boasts an average annual rent value of $383,475, yielding a 6.55% cap rate. The property is part of a larger two-building portfolio in Alabama
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Gardendale
- County
- Jefferson
- State
- Alabama
- Longitude
- -86.817213
- Latitude
- 33.652217