21 Head Dr Cleveland, AL 35049

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.