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638 Claxton Ave N
Elba, AL 36323

$1,200,000 USD

Supermarket For Sale  •  20,692 SF

Property Details

  • Property Type Supermarket
  • Total Building Size 20,692 SF
  • Lot Size 1.5 AC
  • Building Class C
  • Year Built 1967
  • Cap Rate 9.16 %
  • Tenancy Single
0 Transit Score
45 Walk Score

Highlights

Food Giant benefits from being the only full-service grocery store within a 15-mile radius
Tenant pays a low rent and has been at this location for 25 years
Landlord responsibilities limited to roof, structure, and parking lot (new roof this year with 10-year warranty at a cost of $303,809)
Sales of $7,382,285 ($357 PSF) and a rent-to-sales ratio of 1.49%
Creditntell ranks this location the #1 Food Giant in the state in terms of visits PSF

Property Flyers

Cap Rate: 9.16 %
Phil Futterman 954-635-5151 Cleeman Realty Group LLC
Phil Futterman 954-635-5151 Cleeman Realty Group LLC