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600 64th Ave
Northport, AL 35476
Coral Industries · Flex Property For Sale

INVESTMENT HIGHLIGHTS

  • Originally a 10-Year Lease with Approximately 3 Years Remaining
  • Absolute NNN Lease with No Landlord Responsibilities
  • Owned by KPS Capital Partners, Approximately $21.4 Billion of Assets Under Management
  • Rare Annual Increases of $18,000/Year in Base Term and Options, Equates to More Than 4% Annual Increases
  • Coral Industries is the Largest Independent Manufacturer of Bath Enclosures
  • $5.2 Million Northport Facility is Home to Coral’s Architectural Division

PROPERTY FACTS

Property Type Flex
Property Subtype
Showroom
  • General Retail Storefront
  • Industrial Warehouse
  • FlexLight Distribution
Building Class C
Lot Size 7.87 AC
Rentable Building Area 67,659 SF
No. Stories 1
Year Built/Renovated 1999/2016
Tenancy Single
No. Drive In / Grade-Level Doors 10
Zoning M-1

AMENITIES

  • Fenced Lot

UTILITIES

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
31-04-18-1-002-007.000
Land Assessment
$63,200
Improvements Assessment
$179,180
Total Assessment
$242,380
  • Listing ID: 33287826

  • Date on Market: 9/24/2024

  • Last Updated:

  • Address: 600 64th Ave, Northport, AL 35476

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