Rent A Center

Retail: Freestanding

2538 US-280, Alexander CityAL 35010

Property Details

Location

Address
2538 US-280, Alexander CityAL 35010
County
Tallapoosa
Submarket
Parcels
0509321002047001

Building Size

Building Size
Rentable Space
4,472 SF

Building Details

Type
 Retail: Freestanding
Number of Buildings
1
Occupancy Type
Single Tenant
Percent Occupied
Building Class
Building Status
Existing
Floors
Year Built
2002
Sprinklers
Parking Ratio

Land & Utilities

Land (Acres)
0.58 Acres
Land (SF)
25,265 SF
Sanitary Sewer
Yes
Water
Yes
Rail Service
No
Zoning
Lot Depth
Lot Width

Contacts

Current Listings

Rent-A-Center Freestanding Investment

4,472 SF$689,000
Cap Rate: 8.44%

Excellent investor opportunity to purchase a free-standing, net-leased Rent-A-Center at an attractive 8.44% cap rate. There are +/- 2 years remaining on the lease. There is one 5-year option remaining with increased rent during the option term. This store is ideally located on Hwy 280, which is one of the area’s heaviest traveled arteries and the main connector between Birmingham to the northwest and Auburn to the southeast. The property has excellent exposure and visibility to over 31,000 VPD off Hwy 280 and being directly across the street from the Walmart Supercenter. Additional national retailers include Walgreens, Save-A-Lot, O’Reilly Auto Parts, Dairy Queen, Wendy’s, Taco Bell, Arby’s and Little Caesars, Dollar General and Tractor Supply Company. Alexander City, AL is the gateway city to the premier recreational vacation spot, Lake Martin. Alexander City is located just 60 miles from Birmingham and Montgomery and 120 miles from Atlanta, GA.

The landlord responsibilities include HVAC replacement, structure, and exterior. The Tenant responsibilities include maintaining the interior, HVAC repairs, taxes, and insurance. Tenant reimburses the Landlord NNN monthly pre-payments.

Highlights:

Excellent exposure and visibility on the main arterial, Hwy 280

Traffic counts in excess of 31,000 VPD on Hwy 280

Close proximity to Russell Medical, numerous national retailers and chain restaurants

Net-leased, single tenant investment opportunity

Excellent investor opportunity to purchase a free-standing, net-leased Rent-A-Center at an attractive 8.44% cap rate. There are +/- 2 years remaining on the lease. There is one 5-year option remaining with increased rent during the option term. This store is ideally located on Hwy 280, which is one of the area’s heaviest traveled arteries and the main connector between Birmingham to the northwest and Auburn to the southeast. The property has excellent exposure and visibility to over 31,000 VPD off Hwy 280 and being directly across the street from the Walmart Supercenter. Additional national retailers include Walgreens, Save-A-Lot, O’Reilly Auto Parts, Dairy Queen, Wendy’s, Taco Bell, Arby’s and Little Caesars, Dollar General and Tractor Supply Company. Alexander City, AL is the gateway city to the premier recreational vacation spot, Lake Martin. Alexander City is located just 60 miles from Birmingham and Montgomery and 120 miles from Atlanta, GA.

The landlord responsibilities include HVAC replacement, structure, and exterior. The Tenant responsibilities include maintaining the interior, HVAC repairs, taxes, and insurance. Tenant reimburses the Landlord NNN monthly pre-payments.

Highlights:

Excellent exposure and visibility on the main arterial, Hwy 280

Traffic counts in excess of 31,000 VPD on Hwy 280

Close proximity to Russell Medical, numerous national retailers and chain restaurants

Net-leased, single tenant investment opportunity

View Details
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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: Gulf Coast CMLS

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