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Food Giant Supermarket 638 Claxton Ave N

20,692 SF Retail Building Elba, AL 36323 $1,700,964 CAD ($82 CAD/SF) 9.16% Cap Rate

Retail Space Alabama Elba 638 Claxton Ave N, Elba, AL 36323

Investment Highlights

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

Executive Summary

Great investment opportunity to own a property occupied by Giant Supermarket!

Attachments

Food Giant

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
20,692 SF
Building Class
C
Year Built
1967
Price
$1,700,964 CAD
Price Per SF
$82 CAD
Cap Rate
9.16%
NOI
$155,778 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.32
Lot Size
1.50 AC
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PROPERTY TAXES

Parcel Number 11-03-08-3-001-034.000 Improvements Assessment $0 CAD
Land Assessment $0 CAD Total Assessment $177,755 CAD

PROPERTY TAXES

Parcel Number
11-03-08-3-001-034.000
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$177,755 CAD
(954) 635-5151

Contact

  • Listing ID: 32642240

  • Date on Market: 2024-07-31

  • Last Updated:

  • Address: 638 Claxton Ave N, Elba, AL 36323

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Food Giant Supermarket | 638 Claxton Ave N
(954) 635-5151 x

Food Giant Supermarket | 638 Claxton Ave N

Phil Futterman

(954) 635-5151

(954) 635-5151

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