For Sale
$2,803,900

9070 Alabama Hwy 69Tuscaloosa, AL 35405

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
118
This exceptional Class A, 4,949 square foot retail property in Tuscaloosa, Alabama, presents a compelling investment opportunity. Currently leased to American Family Care under a new 15-year absolute NNN lease (expiring July 31, 2038), this single-tenant building offers a secure, long-term investment with a 6.18% cap rate and a substantial net operating income (NOI) of $173,281. The lease commenced August 1, 2023, and includes annual rent bumps tied to CPI increases, with a 2% floor and no cap, ensuring consistent income growth. The property benefits from a corporate guarantee, mitigating tenant risk. Located at 9070 Alabama Hwy 69 S, Tuscaloosa, AL 35405, this strategically positioned asset is situated in a high-growth residential area, close to the University of Alabama (with over 39,623 students enrolled in 2023-2024), and enjoys ample parking. Nearby established retailers include Publix, Taco Bell, Dairy Queen, AutoZone, Waffle House, and Tractor Supply Co., further enhancing the property's visibility and desirability. The asking price is $2,803,900, translating to a price per square foot of $566.56. This investment offers a rare combination of strong tenant, long-term lease, and attractive financial metrics, making it an ideal addition to any portfolio. The lease includes a 10-year option.

Highlights

  • 4,949 SF Class A retail building in Tuscaloosa, AL.
  • New 15-year absolute NNN lease to American Family Care, expiring July 31, 2038, with a 10-year option.
  • 6.18% cap rate and $173,281 NOI.
  • Annual rent increases tied to CPI, with a 2% floor and no cap.
  • Corporate guarantee and abundant parking. Located near University of Alabama and major retailers.
  • Asking price: $2,803,900 ($566.56/SF).

Property Details for 9070 Alabama Hwy 69

Property type
Retail properties, Medical centers
Square Feet
4,949 SF
Class
A

Location Insight

City
Tuscaloosa
County
Tuscaloosa
State
Alabama
Latitude
33.122977658507
Longitude
-87.551321515217
9070 Alabama Hwy 69, Tuscaloosa, Alabama

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
9070 Alabama Hwy 69
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message