bedrooms
0
bathrooms
0
square feet
0
Acreage
0.36
Open Houses
-
year built
1993
Full Baths
0
Half Baths
0
This multi-tenant retail center with State Farm anchor tenant (credit-rated) is located on high-traffic 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 (75% occupancy). 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 (Vape Shop) with a lease expiring 3/31/2027, Suite 2 (long-term anchor tenant State Farm) leased through 12/31/2032 with scheduled rent increase, and Suite 3 (Bill Henry's Wings) with a lease expiring 7/31/2026. Suite 4 is newly vacant and available for a new tenant at $1,250/mo or ideal for owner-user - previously occupied by Subway and Fountain Bar & Grill, with a new HVAC installed in 2024. This sale offers a proforma NOI of $47,875.70 at full occupancy and a 9.6% cap rate.
Location | |
Subdivision | N/A |
County | Crenshaw |
Elementary School | - |
Middle School | - |
High School | - |
Open houses
None scheduled.
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MLS number: 202004
Listing agent:
Shannon Auty
Listing broker:
Talcor Alabama, Llc Dba Nai Whatley
(334) 699-8000
Copyright © 2025 Dothan Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Last update: Wednesday, January 1 2025 at 3:12 a.m. EST
Kotohomes National
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