9070 Alabama Hwy 69 Tuscaloosa, AL 35405
- Retail properties
- 4,949 SF
Current Use by Public Records
- Retail properties
Property Details for 9070 Alabama Hwy 69
- Property size
- 4,949 SF
- Property type
- Retail properties
- Property subtype
- Medical centers
Description
This exceptional Class A, 4,949 square foot retail property in Tuscaloosa, Alabama, presents a compelling investment opportunity. Currently leased to American Family Care under a new 15-year absolute NNN lease (expiring July 31, 2038), this single-tenant building offers a secure, long-term investment with a 6.18% cap rate and a substantial net operating income (NOI) of $173,281. The lease commenced August 1, 2023, and includes annual rent bumps tied to CPI increases, with a 2% floor and no cap, ensuring consistent income growth. The property benefits from a corporate guarantee, mitigating tenant risk. Located at 9070 Alabama Hwy 69 S, Tuscaloosa, AL 35405, this strategically positioned asset is situated in a high-growth residential area, close to the University of Alabama (with over 39,623 students enrolled in 2023-2024), and enjoys ample parking. Nearby established retailers include Publix, Taco Bell, Dairy Queen, AutoZone, Waffle House, and Tractor Supply Co., further enhancing the property's visibility and desirability. The asking price is $2,803,900, translating to a price per square foot of $566.56. This investment offers a rare combination of strong tenant, long-term lease, and attractive financial metrics, making it an ideal addition to any portfolio. The lease includes a 10-year option.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Tuscaloosa
- County
- Tuscaloosa
- State
- Alabama
- Longitude
- -87.5513
- Latitude
- 33.123
