Property Listing No Longer Available for Sale

25369 US Hwy 98, Daphne, AL

Office for Sale - $1,800,000


Property Info

CIMLS#10500
Location
  25369 US Hwy 98
  Daphne AL 36526
UpdatedAugust 10th, 2007
TypeOffice
Price$1,800,000

Property Description

Building has great curb appeal w/ 17,000 +SF under roof, 11,000 SF H/A. Center of Daphne business area. Highway 98, a major north/south road and Interstate 10, an east-west artery provides easy access to all areas of Spanish Fort, Daphne, and Fairhope, located between Mobile and Pensacola.

EXCELLENT OPPORTUNITY FOR THE PASSIVE INVESTOR WHO WANTS TO WATCH THE INVESTMENT GROW.


Financials

Establishe Single tenant with multi-locations. Guaranteed Net Lease.12 years remain on lease. NNN lease w/ 2.5% annual increases.

Present NOI is 141,460K. Tenant pays all expenses unless repairs to roof, structure, AC expenses exceed 10K and insurance doesn't cover the repairs, owner pays one half. All taxes, insurance, and other expenses are tenant responsibiliy.