2606 Cloverdale Road,Florence, AL 35633
Florence, AL 35633
Description
We are pleased to present a premier, stabilized commercial net-lease investment opportunity with a cap rate of 8.15% 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, LLC a 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.
Details
| MLS # | 26845343 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 2017 |
| Days On Site | 73 |
| Listing Provided By | Maher Commercial Realty | Oron Maher |
Features
| SQ Feet | 2,926 |
|---|---|
| Story(s) | 1 |
| Units | 1 |
| Building(s) | 1 |
| Zoning | Commercial |
| Acreage | 0.15 |
Exterior
| Lot Features | Corner Lot |
|---|
Area Information
| State | AL |
|---|---|
| County | Other |
| City | Florence |
| Zip Code | 35633 |
| Listing VS Median (in 35633) | |
Price: $1,149,000 low | high Med: $1,149,000 sqft: 2,926 low | high Med: 2,926 $ / sqft: $393 low | high Med: $393 On site: 73 low | high Med: 73 | |
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Learn More About This Property
| State | AL |
|---|---|
| County | Other |
| City | Florence |
| Zip Code | 35633 |
| Listing VS Median (in 35633) | |
Price: $1,149,000 low | high Med: $1,149,000 sqft: 2,926 low | high Med: 2,926 $ / sqft: $393 low | high Med: $393 On site: 73 low | high Med: 73 | |