261 Cox Crk Pkwy Florence, AL 35630-7504
Property profile & analytics
261 Cox Crk Pkwy Florence, AL 35630-7504
- Turn key restaurants
- 3,232 SF
- 0.55 lot acres
Property ID
US03-0618079
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Taziki's Mediterranean Cafe - Florence / Restaurant
Property Details for 261 Cox Crk Pkwy
- Year built
- 2017
- Lot size
- 0.55 lot acres
- Property size
- 3,232 SF
- Zone code
- 2
- Property type
- Turn key restaurants
- APN
- 16-09-31-3-002-002-000
- APU
- 1609313002002000
Description
This exceptional investment opportunity presents a portfolio of four net-leased restaurants totaling 24,412 square feet across 3.21 acres in the thriving Florence/Muscle Shoals MSA of Alabama. Strategically located along major retail corridors in Florence, Russellville, and Muscle Shoals, these properties benefit from excellent visibility and high traffic counts. The portfolio boasts 100% occupancy with diverse tenants in the fast food and casual dining sectors, all featuring rental increases and renewal options. The properties are situated in Lauderdale, Colbert, and Franklin counties, benefiting from a growing population base fueled by the University of North Alabama. The combined NOI is $740,892, resulting in a compelling 6.86% cap rate. The asking price for this portfolio is $10,796,000. Detailed sales data is available upon request. This is a rare opportunity to acquire a well-performing, diversified restaurant portfolio in a strong, growing market. Each property is individually situated in the largest city of its respective county, within a MSA of 155,175 residents, exhibiting consistent growth since 2010 at a rate of 3.3%. The portfolio offers a secure, passive income stream with significant upside potential.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Florence
- County
- Lauderdale
- State
- Alabama
- Longitude
- -87.631
- Latitude
- 34.8352
- CBSA code
- 22520
- CBSA name
- FLORENCE-MUSCLE SHOALS, AL METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$6,650
$40,320
$0.00
$40,320
-
$201,600
$477,020
$678,620
