For Sale
$1,200,000

2711 Gary Fitts St Tuscaloosa, AL 35401

High-Yield, NNN-Leased Property in Tuscaloosa

Overview

Added:
Feb 3
Days on market:
84
This exceptional mixed-use property, located at 2711 Gary Fitts Street in Tuscaloosa, Alabama, presents a compelling investment opportunity. The 4,630 square foot building sits on a 0.18-acre lot and is currently leased to South Oak Title, a financially stable regional credit tenant with offices across multiple Southeastern states. The five-year lease commenced on August 23, 2024, and includes one five-year renewal option, providing long-term income stability. The lease is structured as a Net-Net-Net (NNN) agreement, meaning the tenant is responsible for all operating expenses, minimizing landlord responsibilities. Annual rent increases are built into the lease, ensuring consistent growth in rental income. A comprehensive financial analysis projects an Internal Rate of Return (IRR) of nearly 8% based on a realistic disposition sales price at the end of the initial five-year lease term, factoring in a 5% sales cost. The full lease agreement is available for review upon execution of a non-disclosure agreement (NDA) and the provision of a signed contract. This property offers a secure, high-yield investment with significant potential for long-term appreciation. Prospective buyers should be aware that direct contact with the tenant is strictly prohibited. The property's strong tenant, favorable lease terms, and projected returns make this an attractive addition to any investment portfolio. Serious inquiries only.

Property Details for 2711 Gary Fitts St

Property type
Mixed-use properties
Square Feet
4,630 SF
Year Built
1887
Lot Size (sq. ft)
7,841 SF

Location Insight

City
Tuscaloosa
County
Tuscaloosa
State
Alabama
Latitude
33.20728
Longitude
-87.57242

FAQs

What type of property is this?
Mixed-use property - High-Yield, NNN-Leased Property in Tuscaloosa
Where is the mixed-use property located?
The property is located at 2711 Gary Fitts St Tuscaloosa, AL.
What is the asking price?
The asking price for this property is $1,200,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2711 Gary Fitts St
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