1390 S Forest Avenue Luverne, AL 36049
Other
MLS #: 202004
Courtesy Of TALCOR ALABAMA, LLC dba NAI Whatley
Property InformationDescription
This multi-tenant retail center with State Farm and Hayne's Ambulance anchor tenants is located on US Hwy. 331 in Luverne, AL. 2023 AADT of 12,695 VPD. The building is approximately 4,800 sq. ft. with four +- 1,200 sq. ft. retail suites (100% occupied). Positioned across from Ramey's Marketplace and near AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, Roses and more. Diverse tenant mix: Suite 1 (Hayne's Ambulance) leased through 11-30-28, Suite 2 (long-term anchor tenant State Farm) leased through 12/31/32 with scheduled rent increase, Suite 3 (GLG Sandwich Shop) leased through 10-31-28, Suite 4 (Smash Foods) leased through 12-31-28, with a new HVAC installed in 2024. This sale offers a 9% cap rate with NOI of $45,601.66.
Features
- Age: 31-40 Years Old
- Floors: 1
- MLSID: 202004
MAP & DIRECTIONS
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