For Sale
$10,796,000

261 Cox Creek Pkwy Florence, AL 35630

Four NNN-Leased Restaurants, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a portfolio of four net-leased restaurants totaling 24,412 square feet across 3.21 acres in the thriving Florence/Muscle Shoals MSA of Alabama. Strategically located along major retail corridors in Florence, Russellville, and Muscle Shoals, these properties benefit from excellent visibility and high traffic counts. The portfolio boasts 100% occupancy with diverse tenants in the fast food and casual dining sectors, all featuring rental increases and renewal options. The properties are situated in Lauderdale, Colbert, and Franklin counties, benefiting from a growing population base fueled by the University of North Alabama. The combined NOI is $740,892, resulting in a compelling 6.86% cap rate. The asking price for this portfolio is $10,796,000. Detailed sales data is available upon request. This is a rare opportunity to acquire a well-performing, diversified restaurant portfolio in a strong, growing market. Each property is individually situated in the largest city of its respective county, within a MSA of 155,175 residents, exhibiting consistent growth since 2010 at a rate of 3.3%. The portfolio offers a secure, passive income stream with significant upside potential.

Highlights

  • Strong restaurant tenant mix.
  • Fast-casual dining concepts.
  • Four-property portfolio in the Florence/Muscle Shoals MSA (West Huntsville).
  • High visibility, strong traffic counts, and desirable demographics.
  • Detailed sales data provided upon request.

Property Details for 261 Cox Creek Pkwy

Property type
Retail properties, Restaurants

Location Insight

City
Florence
County
Lauderdale
State
Alabama
Latitude
34.83562096
Longitude
-87.63045196

FAQs

What type of property is this?
Retail property - Four NNN-Leased Restaurants, High ROI
Where is the retail property located?
The property is located at 261 Cox Creek Pkwy Florence, AL.
What is the asking price?
The asking price for this property is $10,796,000.
What are key features of this property?
This property features: Strong restaurant tenant mix.; Fast-casual dining concepts.; Four-property portfolio in the Florence/Muscle Shoals MSA (West Huntsville).
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.
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261 Cox Creek Pkwy
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