NNN Retail
For Sale
$1,149,000
2606 Cloverdale Rd, Florence, AL 35633
Single-story retail building leased to a corporate-backed wireless operator through 2031 with contractual rent growth.
Property Size2,926 SF
Lot Size0.15 Acres
Price / SF$392.69
Days on Market37
Property Features for 2606 Cloverdale Rd
General Information
Standard status
Active
Size
2,926 SF
Lot size
0.15 Acres
Occupancy
100%
Additional Details
Cap Rate
8.15%
Building Details
Year Built
2017
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Maher Commercial Realty
(310) 464-1453
Listed By:
Oron Maher · License #01299093
Source:
Myfabuloushome
Added: Jul 24
Changed: Aug 28
Last Checked: Aug 29 at 12:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maher Commercial Realty
Investment Insights
Based on property information with market context.
Built in 2017, this single-story retail property contains 2,926 square feet on a 6,316-square-foot parcel at 2606 Cloverdale Rd, also recognized as 960 Cox Creek Pkwy, in Florence, Alabama. The building is fully leased to Cellular Sales of Birmingham, LLC, with an unconditional corporate guaranty from Cellular Sales of Knoxville, Inc. Lease terms extend through 2031 and include contractual rental increases.
The property is positioned adjacent to the Cloverdale Village Shopping Center. As an NNN investment, the offering provides a stabilized lease structure, an 8.15% cap rate, and a corporate-backed tenancy. The newer construction and completed capital shell support a straightforward ownership profile for an investor seeking an occupied retail asset.
The property is positioned adjacent to the Cloverdale Village Shopping Center. As an NNN investment, the offering provides a stabilized lease structure, an 8.15% cap rate, and a corporate-backed tenancy. The newer construction and completed capital shell support a straightforward ownership profile for an investor seeking an occupied retail asset.
Key Highlights
- 8.15% cap rate on a stabilized NNN retail investment
- 2,926‑square‑foot single‑story building on a 6,316‑square‑foot parcel
- Constructed in 2017
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
123k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Superstores 57%
Dining 39%
Shops & Services 4%
Walmart
Superstores
69,973 visits/mo
0.2 miles
Zaxby's Chicken Fingers & Buffalo Wings
Dining
17,172 visits/mo
0.1 miles
Culver's
Dining
16,899 visits/mo
0.1 miles
Taco Bell
Dining
13,468 visits/mo
0.5 miles
Mister Car Wash
Shops & Services
5,513 visits/mo
0.3 miles
Demographics for 35633, AL
20,446
Population
9,025
Households
2.3
Avg Household Size
44
Median Age
25%
College-Educated
87%
High-School Grad
208.3 sq mi
ZIP Area
98
Density / Sq Mi
$66,008
Median Household Income
$36,871
Median Earnings
$792
Median Rent
$177,500
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Single-story retail building leased to a corporate-backed wireless operator through 2031 with contractual rent growth.
Where is this nnn property located?
The property is located at 2606 Cloverdale Rd Florence, AL.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: 8.15% cap rate on a stabilized NNN retail investment; 2,926‑square‑foot single‑story building on a 6,316‑square‑foot parcel; Constructed in 2017
