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PNC Single Tenant NNN Investment Opportunity

199 Bessemer Super Highway,
Midfield, AL 35228

$2,021,000
  • PNC Investment Property For Sale Midfield AL

Property Information

  • PARCEL: 30-00-24-2-003-009.000
  • TENANT: PNC Bank
  • BUILDING SIZE: Free-standing, 4,300 SF w/drive-thru
  • TOTAL ACREAGE: 0.75± Acres
  • SALE PRICE: $2,021,000
  • AVERAGE NOI: $101,050
  • CAP RATE: 5%
  • LEASE TERMS: 10 year lease with 2, 5-year extensions
  • LANDLORD RESPONSIBILITIES: Roof & structure. New roof installed in 2017 with a 15 year warranty.

The Tenant has been in the Midfield/Fairfield market since 1966 at 7200 Aaron Aronov Drive. They will be relocating and investing approximately $2,000,000 into this property.

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Alex Benson - Associate Broker at Southpace Properties

Contact:

Alex Benson
abenson@southpace.com
205-271-7240