For Sale
$2,591,484

20 Hazelwood Dr Pell City, AL 35125

High-yield NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 4,956 square foot Class A retail property leased to American Family Care in Pell City, Alabama. Located within the Birmingham MSA, this property boasts a prime location directly across from a high-performing Walmart and near other prominent national retailers including Chick-fil-A, Walgreens, Cracker Barrel, and Home Depot. The property's strategic positioning less than a block from the intersection of I-20 and US Highway 231 ensures exceptional visibility and accessibility. The tenant, American Family Care, is secured by a corporate guarantee under a new 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038, leaving a substantial 13.7 years remaining. The lease includes annual rent increases based on CPI adjustments, with a 2% floor and no cap, providing consistent income growth. The property offers a compelling 6.18% cap rate and a strong net operating income (NOI) of $160,154, with a price per square foot of $522.90. This is a single-tenant, low-maintenance investment with significant long-term potential, offering a secure and attractive return for investors seeking a stable, high-performing asset in a thriving retail corridor. The asking price is $2,591,484. A 10-year lease option is also available.

Highlights

  • Pell City, AL location within the Birmingham MSA.
  • High-traffic location across from a top-performing Walmart and near Chick-fil-A, Walgreens, Cracker Barrel, and Home Depot.
  • Less than one block from I-20 and US Hwy. 231 intersection.
  • New 15-year NNN lease with American Family Care, including annual CPI escalations (2% floor, no cap).

Property Details for 20 Hazelwood Dr

Property type
Retail properties, Medical centers
Square Feet
4,956 SF
Class
A

Location Insight

City
Pell City
County
St. Clair
State
Alabama
Latitude
33.6114473
Longitude
-86.2823508

FAQs

What type of property is this?
Retail property - High-yield NNN retail investment.
Where is the retail property located?
The property is located at 20 Hazelwood Dr Pell City, AL.
What is the asking price?
The asking price for this property is $2,591,484.
What are key features of this property?
This property features: Pell City, AL location within the Birmingham MSA.; High-traffic location across from a top-performing Walmart and near Chick-fil-A, Walgreens, Cracker Barrel, and Home Depot.; Less than one block from I-20 and US Hwy. 231 intersection.
How can I contact the broker?
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20 Hazelwood Dr
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