For Sale
$2,591,484

20 Hazelwood DrPell City, AL 35125

High-yield NNN retail investment.

Overview

Added:
Dec 11, 2024
Days on market:
115
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
20 Hazelwood Dr, Pell City, Alabama

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20 Hazelwood Dr
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