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2711 Gary Fitts St Tuscaloosa, AL 35401

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For Sale
$1,200,000

High-Yield, NNN-Leased Property in Tuscaloosa

Property size:
4,630 SF

Property Features for 2711 Gary Fitts St

General Information

Property type
Mixed-use properties
Square Feet
4,630 SF
Lot Size
7,841 SF

Building Details

Year Built
1887

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Listing Contact
Denise Evans

Listing Agency: Butler Evans Real Estate, Inc. Listing Agent: Denise Evans

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This exceptional mixed-use property, located at 2711 Gary Fitts Street in Tuscaloosa, Alabama, presents a compelling investment opportunity. The 4,630 square foot building sits on a 0.18-acre lot and is currently leased to South Oak Title, a financially stable regional credit tenant with offices across multiple Southeastern states. The five-year lease commenced on August 23, 2024, and includes one five-year renewal option, providing long-term income stability. The lease is structured as a Net-Net-Net (NNN) agreement, meaning the tenant is responsible for all operating expenses, minimizing landlord responsibilities. Annual rent increases are built into the lease, ensuring consistent growth in rental income. A comprehensive financial analysis projects an Internal Rate of Return (IRR) of nearly 8% based on a realistic disposition sales price at the end of the initial five-year lease term, factoring in a 5% sales cost. The full lease agreement is available for review upon execution of a non-disclosure agreement (NDA) and the provision of a signed contract. This property offers a secure, high-yield investment with significant potential for long-term appreciation. Prospective buyers should be aware that direct contact with the tenant is strictly prohibited. The property's strong tenant, favorable lease terms, and projected returns make this an attractive addition to any investment portfolio. Serious inquiries only.
Property Profile Location Intelligence

Current Use by Public Records

Mixed-use properties

Map

City
Tuscaloosa
County
Tuscaloosa
State
Alabama
Longitude
-87.57242
Latitude
33.20728

FAQs

What type of property is this?
Mixed-use property - High-Yield, NNN-Leased Property in Tuscaloosa
Where is this mixed-use property located?
The property is located at 2711 Gary Fitts St Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,200,000.
More about this property
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