For Sale
$2,217,634

101 Paul Stabler DrGreenville, AL 36037

High-yield NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 4,237 square foot Class A retail property in Greenville, Alabama, currently leased to American Family Care under a 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. The property boasts a strong 6.18% cap rate and a substantial net operating income (NOI) of $137,050. The lease includes annual rent bumps based on CPI increases, with a 2% floor and no cap, ensuring consistent income growth. Located at 101 Paul Stabler Dr, Greenville, AL 36037, this strategically positioned building is an outparcel to a Walmart Supercenter, benefiting from high visibility and traffic. The property enjoys proximity to numerous national brands including Cracker Barrel, Sonic, Dollar Tree, Waffle House, McDonald's, and Walgreens, further enhancing its desirability. Its convenient location just off I-65, between Montgomery and Mobile, benefits from a high annual average daily traffic count of 33,061 (2022 data). Constructed in 2016, the building features above-market parking. The tenant, American Family Care, is backed by a corporate guarantee, mitigating risk. This investment offers a compelling combination of strong tenant credit, a long-term lease, and a prime location, making it an attractive addition to any portfolio. The asking price is $2,217,634, translating to a price per square foot of $523.40. The property offers a 10-year lease option.

Highlights

  • Outparcel to a Walmart Supercenter.
  • Strong co-tenancy with national brands including Cracker Barrel, Sonic, Dollar Tree, Waffle House, McDonald's, and Walgreens.
  • High-traffic location off I-65 between Montgomery and Mobile (33,061 AADT).
  • 2016-built building with ample parking.
  • American Family Care occupies the space under a 15-year NNN lease with annual CPI escalations (2% floor).

Property Details for 101 Paul Stabler Dr

Property type
Retail properties, Medical centers
Square Feet
4,237 SF
Class
A

Location Insight

City
Greenville
County
Butler
State
Alabama
Latitude
31.8515281
Longitude
-86.6436492
101 Paul Stabler Dr, Greenville, Alabama

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101 Paul Stabler Dr
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