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Verizon Wireless 2606 Cloverdale Rd 2,926 SF Retail Building Florence, AL 35633 $1,995,000 ($681.82/SF)
Investment Highlights
- Stabilized commercial net-lease investment opportunity
- Fully leased to Cellular Sales of Birmingham, LLC, a major corporate Verizon Wireless affiliate, through 2031
- Cox Creek Parkway Commercial Corridor (0.5 mi) – Primary retail artery with Walmart Supercenter, Lowe's, Kroger, and Home Depot
- 2,926 SF single-tenant commercial building constructed in 2017 on a 6,316 SF parcel
- Premium corporate credit and zero management responsibilities
- Only 0.8 mi to a CVS Pharmacy & Walmart
Executive Summary
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.
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.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
2,926 SF
Building Class
B
Year Built
2017
Price
$1,995,000
Price Per SF
$681.82
Tenancy
Single
Building Height
1 Story
Building FAR
0.46
Lot Size
0.14 AC
Frontage
578’ on COX CREEK PKWY
Amenities
- Corner Lot
- Signage
- Signalized Intersection
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-08-34-2-003-001.002 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $602,000 |
Property Taxes
Parcel Number
15-08-34-2-003-001.002
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$602,000
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Verizon Wireless | 2606 Cloverdale Rd
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