4150 Florence BlvdFlorence, AL 35634

Property Details for 4150 Florence Blvd

Property size (Sq ft)

94,914 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional portfolio comprises five strategically located multi-tenant retail properties totaling 94,914 square feet across five parcels in the Florence-Muscle Shoals MSA of Alabama. The properties boast a current NOI of $602,931 and a pro-forma NOI of $722,316, representing a current cap rate of 6.09% and a pro-forma cap rate of 7.30%. The asking price for this portfolio is $9,895,000, translating to a price per square foot of $104.25. The portfolio includes properties in Florence (two locations), Russellville, Rogersville, and Sheffield, Alabama, all situated along major retail corridors. The portfolio benefits from a diverse tenancy, with approximately 80% occupancy and opportunities for lease-up in newly constructed centers. This presents a compelling investment opportunity with significant upside potential due to the strong tenant base, favorable lease terms, and the continued growth of the Florence-Muscle Shoals MSA, which has experienced steady population growth since 2010. The properties offer excellent exposure to national, regional, and local tenants, providing a diversified income stream and long-term stability. The proximity of all properties within a 25-mile radius of Muscle Shoals allows for economies of scale in management and operations.

Location Insight

City

Florence

County

Lauderdale

State

Alabama

Latitude

34.8453

Longitude

-87.5811

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