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Ann Marie Ahern & Angel Collins

team@sellinglaluxury.com +1(310) 409-7660

$ 1,195,000

Est. payment | -/mo

2,926 SqFt

Save

$ 1,195,000

Est. payment | -/mo

Save

2,926 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 2,926 sqft

Price per Sqft $408

MLS Listing ID 26845343

Year Built 2017

Lot Size 6,316 Sqft

Property Description

We are pleased to present a premier, stabilized commercial net-lease investment opportunity with a cap rate of 7.84% 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, LLCa 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.

Location

State AL

County Other

Area Out Of Area (Outside Ca)

Zoning Commercial

Building

Story 1

Others

Special Listing Condition Standard

The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Maher Commercial Realty

Nearby Locations

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Ann Marie Ahern & Angel Collins

REALTOR® | Lic# 02005871 - 01711164

team@sellinglaluxury.com

+1(310) 409-7660

14140 Ventura Blvd. Suite 100, Sherman Oaks, CA, 91423

2606 Cloverdale Rd Florence, AL 35633

Ann Marie Ahern & Angel Collins

Key Details

Location

Building

Others

2606 Cloverdale Rd