2711 Gary Fitts St Tuscaloosa, AL 35401

Property Details for 2711 Gary Fitts St

Year built

1887

Lot size

0.18 lot acres

Property size

4,630 SF

Property type

Mixed-use properties

Description

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.