9070 Alabama Hwy 69Tuscaloosa, AL 35405

Property Details for 9070 Alabama Hwy 69

Property size (Sq ft)

4,949 SF

Property type

Retail properties

Property subtype

Medical centers

Description

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.

Location Insight

City

Tuscaloosa

County

Tuscaloosa

State

Alabama

Latitude

33.123

Longitude

-87.5513

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