For Sale
$2,558,369

1425 Mcfarland BlvdNorthport, AL 35476

High-Traffic, NNN-Leased Retail Center

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional investment opportunity presents a fee-simple, 2,296 square foot retail building in Northport, Alabama, currently 100% occupied by a Smoothie King, Cookie Plug, and Tropical Smoothie Cafe. The property boasts a 15-year absolute NNN lease (commencing July 12, 2024, and expiring July 31, 2039) with a credit-rated tenant and corporate guarantee, offering significant long-term stability. The lease includes three, five-year renewal options and features a 7.5% rent increase every five years, ensuring consistent income growth. The building, constructed in 2024, sits on a 0.51-acre lot in a high-traffic area with approximately 84,000 vehicles passing daily. Its prime location is directly across from a busy Chick-fil-A and near other national retailers such as Walmart, Publix, Hobby Lobby, and Harbor Freight. The property benefits from proximity to the University of Alabama (2.5 miles) and Northport Medical Center, contributing to a strong and diverse customer base within a 5-mile radius of 121,744 residents. The property's Net Operating Income (NOI) is $166,294, resulting in a 6.50% cap rate. This is a turnkey investment with minimal landlord responsibilities, offering a compelling return on investment in a thriving retail market. The multi-unit franchisee operating the location has a proven track record and plans for continued expansion. This presents a rare opportunity to acquire a well-positioned, high-performing retail asset with substantial long-term growth potential.

Highlights

  • Absolute NNN lease, 15-year term with no landlord responsibilities.
  • 7.5% rent increases every five years.
  • 2024-remodeled building housing Tropical Smoothie and Cookie Plug.
  • Single-tenant building with dual franchise concepts.
  • High-traffic location across from a busy Chick-fil-A.
  • Strong retail co-tenancy including Walmart, Publix, Hobby Lobby, and Harbor Freight.

Property Details for 1425 Mcfarland Blvd

Property type
Retail properties, Restaurants
Square Feet
2,296 SF
Year Built
2024
Buildings
1
Stories
1
Lot Size (sq. ft)
22,216 SF

Location Insight

City
Northport
County
Tuscaloosa
State
Alabama
Latitude
33.237102
Longitude
-87.5725169
1425 Mcfarland Blvd, Northport, Alabama

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1425 Mcfarland Blvd
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