2606 Cloverdale Road

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2606 Cloverdale Road

Florence, AL 35633
Asking Price
$1.20M
Cap Rate
7.84%
Asset Type
Storefront Retail
Class
Class B

What's Special

Corporate Verizon Affiliate NNN Lease | Lease Guaranteed Through November 2031 <p><strong style="color: rgba(0, 0, 0, 1)">Key points:</strong></p><ul><li>​<span style="color: rgba(0, 0, 0, 1)">2,926 SF single-tenant commercial building constructed in 2017 on a 6,316 SF parcel | 7.84% Cap Rate</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Long-term lease extension executed from December 1, 2026, through November 30, 2031.</span></li><li>​<span style="color: rgba(0, 0, 0, 1)">Stable, predictable income of $7,804.13 per month ($93,649.56 annualized).</span></li><li>​<

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NOI
$80,000
Cap Rate
6.69%
DSCR
1.13
Tight
Cash-on-Cash
2.53%
Monthly Payment
$5,912.208
Annual Cash Flow
$9,053.504

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