100% Occupied Multi-Tenant Retail Center | Luverne, AL

Highlights

• Suite 1: Haynes Ambulance, expiration 11-30-28. Rent $1,250/mo
• Suite 2: State Farm (long-term, credit rated), expiration 12-31-32 with scheduled increase. Rent $1,200/mo
• Suite 3: Between the Rye Sandwich Shop, expiration 10-31-28. Rent $1,200/mo
• Suite 4: Smash Mouth Foods, expiration 12-31-28. New HVAC 2024. Current rent $800/mo through 6-30-26. Stabilized rent $1,250/mo beginning 7-1-26
• Modified Gross Leases
• 9% cap rate | NOI $45,601.66
• Positioned along high-visibility corridor on US Hwy 331 with easy access

Description

Investment Opportunity: This multi-tenant retail center with State Farm and Haynes Ambulance anchor tenants is located on US Hwy. 331, with a 2023 AADT of 12,695 VPD. The building is approximately 4,800 sq. ft. with four +- 1,200 sq. ft. retail suites (100% occupancy). Positioned across from Ramey’s Marketplace and near AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, Roses and more.

Located on US Hwy. 331 at 1390 S. Forest Ave, Luverne, AL

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