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913 River Falls Street Andalusia AL

$99,500

913 River Falls Street, Andalusia, AL 36420

Active
Last Updated: 02/15/2024

9

Cap Rate

1,350 sqft

Building Size

Details:
Cap Rate:    9%
Building Size:    1,350 sqft
Occupancy:    100%
Units:    1
Zoning:    Business Area
Floors:    2
Heating:    NEW 2023
Cooling:    NEW 2023
Description:

Great Local Andalusia Investment - Tenant with a five-year lease and three five-year options, and increases over the term. 9% CASH ON CASH RETURN. Get with your favorite Realtor and get in an offer today!! Co-Brokerage Fees are 2% to any Local Realtor or out-of-town co-broker. Contact Stephen Saunders, CCIM / ICSC Member, today!!


Directly across from the new Renovated Covington Mall in Andalusia, AL, on River Falls Street. 


Leased for a five-year term. 9% CASH ON CASH RETURN, 3 Five-year options so the tenant could lease for 15 more years!  New Roof (2022), New Plumbing (2022), New HVAC August 2023! Like new all around and a five-year tenant! Make an offer quickly. It won't last long! 

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