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🏢 Just listed — Convenience Store Retail for sale in Gadsden, AL.

📍 1205 West Meighan Boulevard, Gadsden, AL
🏷  Convenience Store Retail · For Sale
💰 $2.33M
📈 6.75% cap

6.75% CAP | Low Price Point | Eligible for 100% Bonus Depreciation (Consult with CPA)

<ul><li>4.2 Years Remaining on Absolute NNN Lease with 5% Rental Increases Every 5 Years in both the Primary Term and Renewal Options and (5) 5-Year Options</li><li>Prime Positioning with 36,

Full financials, photos, and broker contact:
https://commrty.com/property/alabama/gadsden/circle-k-rare-fee-simple-corporate-guarantee-2551052-for-sale?utm_source=linkedin&utm_medium=share&utm_campaign=pdp&utm_content=circle-k-rare-fee-simple-corporate-guarantee-2551052

#Gadsden #Retail #CommercialRealEstate #CRE #Investment

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Home/AL/Gadsden

1205 West Meighan Boulevard

Gadsden, AL 35901

Asking Price

$2.33M

Cap Rate

6.75%

Asset Type

Convenience Store Retail

Class

Class B

What's Special

6.75% CAP | Low Price Point | Eligible for 100% Bonus Depreciation (Consult with CPA) <ul><li>4.2 Years Remaining on Absolute NNN Lease with 5% Rental Increases Every 5 Years in both the Primary Term and Renewal Options and (5) 5-Year Options</li><li>Prime Positioning with 36,025 VPD The property benefits from direct frontage on West Meighan Boulevard with traffic counts reaching 25,061 vehicles per day, supported by 10,964 VPD along adjacent 12th Street. The site captures local residential traffic and commuter flow with connectivity to US Highway 278 and I-759, reinforcing lon

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Purchase Price ($)

Down Payment (%)Interest Rate (%)

Amortization (years)Annual Gross Income ($)Annual Expenses ($)

NOI

$80,000

Cap Rate

3.43%

DSCR

0.58

Underwater

Cash-on-Cash

-8.36%

Monthly Payment

$11,542.411

Annual Cash Flow

$-58,508.933

Location & Travel Times

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