101 Paul Stabler Dr Greenville, AL 36037-3133

Property Details for 101 Paul Stabler Dr

Year built

2016

Lot size

1.00 lot acres

Property size

4,528 SF

Property type

Medical offices

Property subtype

Medical centers

APN

10 08 02 10 0 000 041.011

APU

100802100000041011

Description

This exceptional investment opportunity presents a 4,237 square foot Class A retail property in Greenville, Alabama, currently leased to American Family Care under a 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. The property boasts a strong 6.18% cap rate and a substantial net operating income (NOI) of $137,050. The lease includes annual rent bumps based on CPI increases, with a 2% floor and no cap, ensuring consistent income growth. Located at 101 Paul Stabler Dr, Greenville, AL 36037, this strategically positioned building is an outparcel to a Walmart Supercenter, benefiting from high visibility and traffic. The property enjoys proximity to numerous national brands including Cracker Barrel, Sonic, Dollar Tree, Waffle House, McDonald's, and Walgreens, further enhancing its desirability. Its convenient location just off I-65, between Montgomery and Mobile, benefits from a high annual average daily traffic count of 33,061 (2022 data). Constructed in 2016, the building features above-market parking. The tenant, American Family Care, is backed by a corporate guarantee, mitigating risk. This investment offers a compelling combination of strong tenant credit, a long-term lease, and a prime location, making it an attractive addition to any portfolio. The asking price is $2,217,634, translating to a price per square foot of $523.40. The property offers a 10-year lease option.