Property 1: The Main Street Plaza Shopping Center is 100% leased and brings in over $12,500 per month in income. Add to that the potential of the storage units when fully rented and you’ll have over $14,600 per month in rental income! The end of the shopping center closest to the street houses the local Verizon store and the Pizza Hut Restaurant. Both businesses are long-term tenants who have built their business reputations in that location. These two nationally known brands are strong tenants. The Verizon lease expires in April of 2019 with an option to renew at the same price. The Pizza Hut lease expires in August of 2020.

Pro Health Physical Therapy has a large front desk area, rest rooms in the rear of the unit, and a large interior room for their physical therapy patients. Their lease expires in August of 2019. The area is well lit and recently redecorated.

“As Close as Family” is the next tenant. That facility is also office space with a nice reception area, restrooms and a break room. This area has also recently been redecorated.

The largest long-term tenant is the United States Government in the form of the United States Department of Agriculture offices for this area. This is mostly office space with a large public front area and large workroom in the middle. There are numerous offices, a kitchen with dining area and rest rooms. Most of this unit has also been redecorated recently. This is a full service lease with the landlord paying all utilities, janitorial work and more. Call Wilson Realty for details. The USDA Lease expires in October of 2022.

Located behind the shopping center are the storage units. All of these open to the outside. There are 12- 5x10’s, 13- 10x10’s, and 13- 10x20’s. Some are rented. Some are available for rent. All are in good condition.

The overall condition of the shopping center is excellent with many tenant approved updates and renovations recently completed. The whole parking lot is low maintenance concrete. There is ample free parking for everyone.

Property 2: The second property is next to the shopping center parking lot and is the former home of Rainsville Finance. This is a 2560 square foot, one story office building. It has a large reception area and front desk, 7 individual offices, a break room area, two storage rooms, and two rest rooms. There is central heating and air and a large paved parking area. The building sits on a 4 tenths of an acre lot. In addition to the building, we will also be selling the office furniture including numerous filing cabinets, several of which are fireproof, all types of chairs, both executive style and reception area chairs, and much more. There are numerous executive desks, credenzas, bookcases, and shelves all part of the former Rainsville Finance Company. Everything will be sold to the highest bidder!