2701 31st St
Tuscaloosa, AL 35401
Sunbelt · Retail Property For Sale

Fortis Net Lease is pleased to present a newly constructed build-to-suit industrial property leased to Sunbelt Rentals, a nationally recognized, creditworthy tenant. Completed in 2021, the property benefits from a recently renegotiated lease that expanded Sunbelt’s improved outdoor storage (IOS) area and restructured the rent schedule for lease years 6–15, enhancing long-term income durability.
The lease includes two remaining five-year extension options and features 2% annual rent escalations, providing a built-in hedge against inflation. Structured as a NN lease, landlord responsibilities are limited to the roof, foundation, and structure, resulting in a truly low-management, passive investment.
The lease provides for a 22% rent increase in 2026. Sunbelt Rentals is currently paying $252,000 in annual rent; however, at closing, the seller will credit the buyer the rent differential to reflect the rent increase in 2026 and is to equal $306,960, delivering an upfront cap rate of 5.79%.
Strategically located within an established industrial park, the property offers immediate access to Interstate 359 and Interstate 20, ensuring excellent regional and national connectivity. The surrounding five-mile radius supports a population of over 135,000 residents, reinforcing long-term tenant demand.
This offering represents an exceptional opportunity for investors seeking stable, passive income supported by a strong tenant, limited landlord obligations, and the benefits of modern construction.