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$ 1,195,000
Est. payment | /mo
6,316 Sqft Lot
$ 1,195,000
Est. payment | /mo
6,316 Sqft Lot
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26845343
HOA Y/N No
Year Built 2017
Lot Size 6,316 Sqft
Property Description
We are pleased to present a premier, stabilized commercial net-lease investment opportunity with a cap rate of 7.84% located at 2606 Cloverdale Rd (also recognized as 960 Cox Creek Pkwy) in Florence, Alabama. Constructed in 2017, this attractive 2,926 square foot single-story commercial building occupies a 6,316 square foot parcel strategically situated adjacent to the Cloverdale Village Shopping Center. The asset is fully leased to Cellular Sales of Birmingham, LLCa major corporate Verizon Wireless affiliate with an unconditional corporate guaranty from Cellular Sales of Knoxville, Inc. Delivering zero near-term capital drag, an extended lease term through 2031, and contractual rental growth, this property represents an ideal "hands-off" acquisition for a passive net-lease investor seeking immediate, predictable cash flow backed by an institutional-grade retail tenant. This is a textbook "sleep-well-at-night" net-lease asset tailored for an investor seeking premium corporate credit and zero management responsibilities. Referenced in municipal records as a flagship retail asset bought on a strong cost basis, 2606 Cloverdale Rd removes all speculative leasing risk by offering five years of uninterrupted cash flow visibility under a newly minted amendment. Backed by an essential-use tenant with contractual rent increases and a completed capital shell, this property stands out as a fortress acquisition in the robust Alabama commercial retail market. Cloverdale Rd represents a premier, institutional-grade commercial investment. The tenant's long-term commitment through 2031, combined with an ironclad corporate guarantee and a clean operational history, minimizes any downside risk for an incoming buyer. For the passive investor looking to deploy capital into a newer-construction, internet-resistant retail asset with a highly predictable yield profile and strong real estate fundamentals, this offering delivers a flawless, turn-key investment path.
Location
State AL
County Other
Zoning Commercial
Interior
Fireplace No
Building
Lot Description Corner Lot
Story 1
Others
Tax ID UNAVAILABLE
Special Listing Condition Standard
Listed by Oron Maher Maher Commercial Realty #01299093
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