FOR SALE
2606 CLOVERDALE ROAD
FLORENCE, AL 35633
Sale Price:
$1,995,000
Lot Size:
±6,316 SF
Building Size:
+2,926SF
Year Built:
2017
ABOUT THE PROPERTY
Maher Commercial Realty presents a premier, stabilized commercial net-lease investment opportunity 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.
KEY POINTS
2,926 SF single-tenant commercial building constructed in 2017 on a 6,316 SF parcel.
Long-term lease extension executed from December 1, 2026, through November 30, 2031.
Stable, predictable income of $7,804.13 per month ($93,649.56 annualized).
Corporate lease signed by Cellular Sales of Birmingham, LLC with an explicit parent corporate guaranty.
Contractual remaining 5-year option pushes annual revenue to $103,248.60 starting in late 2031.
Highly insulated lease structure protecting investor margins from operational and tax overhead.
PROPERTY HIGHLIGHTS
Corporate Guarantee & Highly Secure Cash Flow
Corporate Tenant Pedigree: Fully occupied by Cellular Sales of Birmingham, LLC, one of the nation's premier wireless retail operators and an established Verizon Wireless affiliate.
Absolute Financial Backing: The lease structure is reinforced by an unconditional corporate guaranty from Cellular Sales of Knoxville, Inc., maximizing credit security for the landlord.
Excellent Good Standing: The tenancy is verified in excellent financial standing with zero history of defaults or operational disruptions.
Brand New Long-Term Lease Extension
Five-Year Lease Extension: The tenant has formally executed its first five-year lease extension, securing the term from December 1, 2026, through November 30, 2031.
Predictable Premium Yields: The extension locks in a strong, immediate passive income of $7,804.13 per month ($93,649.56 annually).
Contractual Escalation Built-In: Features a highly lucrative remaining five-year renewal option that automatically steps the annual rent up to $103,248.60 ($8,604.05 monthly) starting in 2031, providing a built-in hedge against inflation.
Modified Triple Net Structure with Capital Insulation
Minimal Capital Exposure: Operating under a highly favorable Modified Triple Net lease where the tenant handles routine maintenance, insurance, and real estate tax reimbursements.
Clean Operational Slate: The lease amendment solidifies that all historical reconciliations are fully satisfied, insulating the buyer from any past tenant billing claims.
Robust Turnkey Buildout: The property consists of a high-quality 2017 brick veneer and conventional steel structure with a durable TPO flat membrane roof system, built entirely to suit the tenant's exact trade dress specifications.
High-Traffic Retail Infill Location
Dense Commercial Synergy: Directly borders the active Cloverdale Village Shopping Center and sits immediately adjacent to national retail anchors including CVS and Waffle House.
Reciprocal Parking & Access: Benefits from a permanent, reciprocal easement granting irrevocable customer access and shared parking across the entire adjacent retail center.
Dominant Retail Corridor: Enjoys prime visibility and immediate access along Cox Creek Parkway and Cloverdale Road, the primary retail and commuter arteries serving Lauderdale County.
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