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456 N Section Street
Fairhope, AL 36532
Asking Price
$1.40M
Cap Rate
2.46%
Asset Type
Storefront Retail
Class
Class B
What's Special
Prime Section Street Investment | Multi-Tenant Income + Value-Add Opportunity <ul><li>Value-add investment opportunity with in-place income and significant upside</li><li>Approximately 45% occupied, offering immediate lease-up potential</li><li>Existing tenant paying $4,100/month with opportunity to formalize new lease</li><li>Pro forma NOI estimated at $90,000 based on lease-up and market rental assumptions</li><li>Pro forma cap rate approximately 6.4% upon stabilization</li><li>High-visibility location with 111 feet of frontage on Section Street</li><li>Flexible
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NOI
$80,000
Cap Rate
5.71%
DSCR
0.96
Underwater
Cash-on-Cash
-0.74%
Monthly Payment
$6,926.436
Annual Cash Flow
$-3,117.234
