4150 Florence Blvd Florence, AL 35634
- Lifestyle centers
- 94,914 SF
Current Use by Public Records
- Western Union / Money Transfer Service
- Dollar General / Discount Store / Drug Store
- higi / Health Consultant
- Russell Guyton / Pharmacy
Property Details for 4150 Florence Blvd
- Property size
- 94,914 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional portfolio comprises five strategically located multi-tenant retail properties totaling 94,914 square feet across five parcels in the Florence-Muscle Shoals MSA of Alabama. The properties boast a current NOI of $602,931 and a pro-forma NOI of $722,316, representing a current cap rate of 6.09% and a pro-forma cap rate of 7.30%. The asking price for this portfolio is $9,895,000, translating to a price per square foot of $104.25. The portfolio includes properties in Florence (two locations), Russellville, Rogersville, and Sheffield, Alabama, all situated along major retail corridors. The portfolio benefits from a diverse tenancy, with approximately 80% occupancy and opportunities for lease-up in newly constructed centers. This presents a compelling investment opportunity with significant upside potential due to the strong tenant base, favorable lease terms, and the continued growth of the Florence-Muscle Shoals MSA, which has experienced steady population growth since 2010. The properties offer excellent exposure to national, regional, and local tenants, providing a diversified income stream and long-term stability. The proximity of all properties within a 25-mile radius of Muscle Shoals allows for economies of scale in management and operations.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Lauderdale
- State
- Alabama
- Longitude
- -87.5811
- Latitude
- 34.8453
