21 Head Dr Cleveland, AL 35049
- Retail properties
- 10,500 SF
- 1.47 lot acres
Current Use by Public Records
- Family Dollar / Discount Supermarket / School Supply Store
- LibertyX Bitcoin ATM / Atm
Property Details for 21 Head Dr
- Year built
- 2022
- Lot size
- 1.47 lot acres
- Property size
- 10,500 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a 10,500-square-foot Family Dollar Tree retail property located at 21 Head Dr, Cleveland, AL 35049. Built in 2022, this single-story building sits on a 1.47-acre lot and boasts 28 parking spaces. The property features a convenient store and grocery store combination format, operating under a net lease (NN) with a corporate guarantee. The current lease term exceeds 10 years, ensuring long-term stability and a 100% occupancy rate. The property's strong financial performance is reflected in its $1,446,000 asking price, a $137.71 price per square foot, and a 7.00% cap rate, generating a net operating income (NOI) of $101,220. The property is zoned COMMERCIAL and has an APN of 15-04-18-0-003-021-015. The location benefits from high visibility on Highway 160, with a daily vehicle count of 5,050. Furthermore, the surrounding area demonstrates strong demographics, with a median household income (HHI) of $52,682 and an average HHI of $63,106 within a 3-mile radius. This investment is further strengthened by the tenant's resilience to e-commerce and pandemic-related disruptions. The property is offered fee simple.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- Blount
- State
- Alabama
- Longitude
- -86.5854
- Latitude
- 33.9851
