2606 Cloverdale Road, Florence, AL 35633
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Key Facts
Description
We are pleased to present a premier, stabilized commercial net-lease investment opportunity with a cap rate of 8.15% located at 2606 Cloverdale Rd (also recognized as 960 Cox Creek Pkwy) in Florence, Alabama. Constructed in 2017, this attractive 2,926 square foot single-story commercial building occupies a 6,316 square foot parcel strategically situated adjacent to the Cloverdale Village Shopping Center. The asset is fully leased to Cellular Sales of Birmingham, LLC a major corporate Verizon Wireless affiliate with an unconditional corporate guaranty from Cellular Sales of Knoxville, Inc. Delivering zero near-term capital drag, an extended lease term through 2031, and contractual rental growth, this property represents an ideal "hands-off" acquisition for a passive net-lease investor seeking immediate, predictable cash flow backed by an institutional-grade retail tenant. This is a textbook "sleep-well-at-night" net-lease asset tailored for an investor seeking premium corporate credit and zero management responsibilities. Referenced in municipal records as a flagship retail asset bought on a strong cost basis, 2606 Cloverdale Rd removes all speculative leasing risk by offering five years of uninterrupted cash flow visibility under a newly minted amendment. Backed by an essential-use tenant with contractual rent increases and a completed capital shell, this property stands out as a fortress acquisition in the robust Alabama commercial retail market. Cloverdale Rd represents a premier, institutional-grade commercial investment. The tenant's long-term commitment through 2031, combined with an ironclad corporate guarantee and a clean operational history, minimizes any downside risk for an incoming buyer. For the passive investor looking to deploy capital into a newer-construction, internet-resistant retail asset with a highly predictable yield profile and strong real estate fundamentals, this offering delivers a flawless, turn-key investment path.
Property Information
Property Type
Commercial Sale
Year Built
2017
Stories
1
Living Area
2,926 sq ft
Lot Size
0.14 acres
Zoning
Commercial
Days on Market
37
MLS® Listing#
26845343
Property Features
Lot Features
Financial Details
Parcel Number
UNAVAILABLE
Directions
Cloverdale Road and Cox Creek Parkway
Affordability Calculator
$229,800
Estimated monthly payment
$6,115/mo
Principal $919,200 · Est. interest $1,282,366 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Florence, AL
- $309,630
- Median Listing Price
- 56
- Median Days on Market
- 1,882
- Median Sq Ft
- $156
- Median Price / Sq Ft
- 280
- Active Listings
- This home’s price is 271% above the area median.
- Its price per sq ft is 151% above the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Florence, AL.
Location
Points of Interest in Florence, AL
Showing the Florence area map.
Nearby Schools
Harlan Elementary
Elementary · 0.6 mi away
Shoals Christian School
Secondary · 0.8 mi away
Forest Hills Elementary School
Elementary · 0.9 mi away
Hibbett Middle School
Secondary · 1.4 mi away
Florence High School
Secondary · 1.4 mi away
Florence Freshman Center
Secondary · 1.5 mi away
Little Angel Day School
Elementary · 1.7 mi away
Mars Hill Bible School
School · 1.7 mi away
Riverhill School
Elementary · 2.2 mi away
Florence Middle School
Secondary · 2.2 mi away
Florence Freshman Center
School · 2.2 mi away
Underwood Elementary School
Elementary · 2.3 mi away
Kilby Laboratory School
Elementary · 2.4 mi away
St Joseph Regional Catholic School
School · 2.8 mi away
Handy Head Start
School · 2.8 mi away
City of Florence
School · 2.8 mi away
Florence High School
Secondary · 2.9 mi away
Weeden Elementary School
Elementary · 3.0 mi away
Florence City Schools
School · 3.2 mi away
Riverhill School
School · 4.2 mi away
Commute Calculator
Nearby Homes
Similar Homes Nearby
Similar Home Values
Comparable nearby listings and their asking prices.
| Address | Price | Beds | Baths | Sq Ft |
|---|---|---|---|---|
| 201 Riverwood Dr, Florence, AL | $875,000 | 7 | 8 | 7,196 |
| 26 Highland Cove, Florence, AL | $875,000 | — | — | — |
| 26 Highland Cove, Florence, AL | $875,000 | — | — | — |
| 3509 Cloverdale Rd, Florence, AL | $889,000 | — | 2 | 3,000 |
| 118 Randal Ln, Florence, AL | $889,900 | 4 | 4 | 3,574 |
| 85 Gallatin Way, Florence, AL | $899,000 | 5 | 4 | 4,231 |
Moving Cost Estimate
EXIT Agents in Florence
Listing Courtesy: Maher Commercial Realty - 3104641453
Presented by: Oron Maher
Licensed in the state of California.