Marcus and Millichap is pleased to present the opportunity to acquire the property located at 103 South Atlanta Ave, Sheffield, AL, part of the Florence / Muscle Shoals MSA. This + 64,000 SF industrial facility is 100 percent leased and situated on 1.47 acres in downtown Sheffield, which is four miles south of downtown Florence and just north of Muscle Shoals. The MSA is the second most populated in Northeast Alabama behind Huntsville with a total population of 150,000 with proximity to Nashville, Huntsville, and Birmingham. The building is anchored (71%) by David Christopher’s Inc. permanent showroom and warehouse. David Christopher’s, Inc. designs and develops florals, home décor, and other seasonal products that are offered wholesale to small business owners. They also have a brick and mortal retail store close by in Sheffield. The company has a massive online presence and was named one of America’s Top 70 Small Businesses by the US Chamber of Commerce in 2023 out of over 15,000 applicants. The purchase of this offering presents an investor with the opportunity to acquire a fully occupied industrial asset in a well positioned location with below-market rents and a credit tenant. David Christopher’s has recently exercised their first (of two) 3-year year renewal options, and the seller will sign a 3-year lease at closing at $5/SF NNN with 3% increases. At the current list price of $2,125,000, the investment generates an in-place net operating income of $167,000. The combined current annual lease rate of $2.66/SF is well below market presenting considerable upside.