Share this listing
Pre-formatted captions, a short link, and a QR code — ready to paste.
Share image
Sized for LinkedIn · 1200×627 — matches the caption above.
Rendering preview…
1881 Chace Dr
Hoover, AL 35244
Asking Price
$4.22M
Cap Rate
9%
Asset Type
Convenience Store Retail
Class
Class B
What's Special
ABSOLUTE NET | 9.00% YIELD DAY 1 <p><strong>LONG TERM LEASE (8.8 YEARS) - </strong>Primary Term expires 1/31/2035. CVS has operated from this location since 2009.</p><p><strong>ABSOLUTE NET BOND LEASE - </strong>No Landlord Responsibilities</p><p><strong>EXCELLENT LOCATION - ADJACENT TO POWER CENTER - </strong>The property is located at the corner of a signalize intersection adjacent to numerous national credit tenants including Hobby Lobby, AT&T, PetSmart, Taco Bell, Best Buy, McDonalds, Whataburger, Boot Barn, Home Depot, Pep
Free Valuation Calculator
No login requiredRun the numbers on this deal. All calculations are estimates — verify with your lender and accountant.
NOI
$80,000
Cap Rate
1.89%
DSCR
0.32
Underwater
Cash-on-Cash
-13.48%
Monthly Payment
$20,902.995
Annual Cash Flow
$-170,835.937
