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3020 Cloverdale Road
Florence, AL 35633
Asking Price
$3.00M
Cap Rate
6.5%
Asset Type
Bank Retail
Class
Class B
What's Special
Retail | 6.50% CAP | 3,570 SqFt <ul><li><strong style="color: rgba(6, 34, 57, 1)">ABSOLUTE NNN LEASE:</strong><span style="color: rgba(6, 34, 57, 1)"> 17+ Years Remaining on Absolute NNN Lease with Attractive 7.50% Rental Escalations Every 5 Years!</span></li><li><strong style="color: rgba(6, 34, 57, 1)">TENANT | LEASE GUARANTOR: </strong><span style="color: rgba(6, 34, 57, 1)">Simply Slim AL, LLC owns & operates a total of 5 Slim Chicken locations across Alabama with plans to continue to grow their unit count in the years t
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NOI
$80,000
Cap Rate
2.66%
DSCR
0.45
Underwater
Cash-on-Cash
-10.91%
Monthly Payment
$14,852.258
Annual Cash Flow
$-98,227.097
