2606 Cloverdale Rd - Freestanding FOR SALE


Florence, AL 35633
$1,195,000 USD
415-378-5464
2606 Cloverdale Rd, Florence, AL for Sale
$1,195,000 USD
Freestanding - FOR SALE
1/14
null | 7.84% Cap Rate

2606 Cloverdale Rd
Florence, AL 35633


HIGHLIGHTS

  • Stabilized commercial net-lease investment opportunity | 7.84% Cap Rate
  • 2,926 SF single-tenant commercial building constructed in 2017 on a 6,316 SF parcel
  • Fully leased to Cellular Sales of Birmingham, LLC, a major corporate Verizon Wireless affiliate, through 2031
  • Premium corporate credit and zero management responsibilities
  • Cox Creek Parkway Commercial Corridor (0.5 mi) – Primary retail artery with Walmart Supercenter, Lowe's, Kroger, and Home Depot
  • Only 0.8 mi to a CVS Pharmacy & Walmart

OVERVIEW

Maher Commercial Realty presents a premier, stabilized commercial net-lease investment opportunity with a cap rate of 7.84% located at 2606 Cloverdale Rd (also recognized as 960 Cox Creek Pkwy) in Florence, Alabama. Constructed in 2017, this attractive 2,926 square foot single-story commercial building occupies a 6,316 square foot parcel strategically situated adjacent to the Cloverdale Village Shopping Center. The asset is fully leased to Cellular Sales of Birmingham, LLC—a major corporate Verizon Wireless affiliate—with an unconditional corporate guaranty from Cellular Sales of Knoxville, Inc. Delivering zero near-term capital drag, an extended lease term through 2031, and contractual rental growth, this property represents an ideal “hands-off” acquisition for a passive net-lease investor seeking immediate, predictable cash flow backed by an institutional-grade retail tenant. This is a textbook “sleep-well-at-night” net-lease asset tailored for an investor seeking premium corporate credit and zero management responsibilities. Referenced in municipal records as a flagship retail asset bought on a strong cost basis, 2606 Cloverdale Rd removes all speculative leasing risk by offering five years of uninterrupted cash flow visibility under a newly minted amendment. Backed by an essential-use tenant with contractual rent increases and a completed capital shell, this property stands out as a fortress acquisition in the robust Alabama commercial retail market. Cloverdale Rd represents a premier, institutional-grade commercial investment. The tenant’s long-term commitment through 2031, combined with an ironclad corporate guarantee and a clean operational history, minimizes any downside risk for an incoming buyer. For the passive investor looking to deploy capital into a newer-construction, internet-resistant retail asset with a highly predictable yield profile and strong real estate fundamentals, this offering delivers a flawless, turn-key investment path.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$398 USD /SF

CAP RATE

7.84%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Verizon Wireless

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,316 SF

ZONING

-

APN/PARCEL ID

15-08-34-2-003-001.002

ASK ABOUT THIS PROPERTY

Oron MaherMaher Commercial RealtyMore Info
415-378-5464

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Oron MaherMaher Commercial RealtyMore Info
415-378-5464

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.