NNN Retail Property with Pylon
For Sale
Contact for pricing
Pending
416 Forest Ave, Luverne, AL 36049
Two-tenant commercial property combining a Pizza Hut lease with an AMP Nutrition occupancy.
Property SizeContact for details
Days on Market142
Property Features for 416 Forest Ave
General Information
Standard status
Pending
Property subtype
Retail
Additional Details
Traffic Count
13,900 vehicles/day
Listing Agency:
SRS Real Estate Partners Salt Lake City
(801) 410-1621
Listed By:
Jack Cornell · License #UT 9518385-SA00
Source:
Crexi
Added: Apr 11
Changed: Aug 29
Last Checked: Aug 29 at 5:56PM
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 SRS Real Estate Partners Salt Lake City
Investment Insights
Based on property information with market context.
This commercial property includes a Pizza Hut tenancy under an NN lease with more than 3 years remaining in the initial term and three 5-year extension options. The tenant is franchisee-guaranteed by Flynn Restaurant Group, which operates 2,355 units. Landlord obligations are limited primarily to the roof and structural components, while the tenant handles CAM, taxes, insurance, and most premises maintenance. AMP Nutrition occupies the property under a modified gross lease, with future leasing potential identified for vacancy that may arise.
Positioned along S. Forest Avenue, the site records 13,900 VPD and includes a large pylon sign for roadside identification. Nearby retailers and restaurants include Tom Thumb, Advance Auto Parts, Food Depot, Dollar General, Hardee’s, and McDonald’s. Apartment communities within walking distance include Glenwood Meadows with 40 units, Oakwood with 28 units, and South Pointe with 32 units.
Positioned along S. Forest Avenue, the site records 13,900 VPD and includes a large pylon sign for roadside identification. Nearby retailers and restaurants include Tom Thumb, Advance Auto Parts, Food Depot, Dollar General, Hardee’s, and McDonald’s. Apartment communities within walking distance include Glenwood Meadows with 40 units, Oakwood with 28 units, and South Pointe with 32 units.
Key Highlights
- Pizza Hut lease has more than 3 years remaining in the initial term
- Three 5‑year extension options accompany the Pizza Hut lease
- Franchisee guarantee from Flynn Restaurant Group, operating 2,355 units
Property Analytics
Current Use
Lease Details
13,900 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
236
Businesses Nearby
43k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 76%
Shops & Services 24%
McDonald's
Dining
18,268 visits/mo
0.4 miles
Jack's Family Restaurants
Dining
8,546 visits/mo
0.5 miles
Tom Thumb Food Stores
Shops & Services
6,064 visits/mo
0.1 miles
Hardee's
Dining
4,419 visits/mo
0.4 miles
Family Dollar
Shops & Services
2,664 visits/mo
0.5 miles
Demographics for 36049, AL
5,299
Population
2,448
Households
2.2
Avg Household Size
44
Median Age
18%
College-Educated
83%
High-School Grad
161.0 sq mi
ZIP Area
33
Density / Sq Mi
$53,073
Median Household Income
$41,155
Median Earnings
$678
Median Rent
$124,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Two-tenant commercial property combining a Pizza Hut lease with an AMP Nutrition occupancy.
Where is this nnn property located?
The property is located at 416 Forest Ave Luverne, AL.
What are key features of this property?
This property features: Pizza Hut lease has more than 3 years remaining in the initial term; Three 5‑year extension options accompany the Pizza Hut lease; Franchisee guarantee from Flynn Restaurant Group, operating 2,355 units
