Firestone – Muscle Shoals, AL

$3,553,192
Price
N/A
Noi
Market
Cap Rate
6,116
Leasable Area
2021
Year Built

CONTACT US REGARDING THIS LISTING

Ben Schultz

Senior Director

DOWNLOAD LINKS

OFFERING MEMORANDUM

Fortis Net Lease is pleased to present this 6,116 SF. Firestone Complete Auto Care store located in Muscle Shoals, Alabama. This property will offer a brand new Fifteen (15) Year Absolute NNN Lease, leaving zero landlord responsibilities. The lease contains 5% rental rate increases every 5 years during the primary term and including each five (5) year option to renew. The store is currently under construction with rent on-track to commence in September of 2021.

This Firestone store is highly visible as it is strategically positioned on the hard corner of Stevens Avenue and Woodward Avenue which sees 29,615 cars per day. It is part of a Publix Anchored Shopping Center and surrounded by major retailers on this main thoroughfare leading through downtown Muscle Shoals. The five mile population from the site is 39,032 while the one mile average household income is $65,458 per year, which is ideal for a Firestone. The Subject offering represents an ideal opportunity for a 1031 exchange buyer or a “passive” investor to attain the fee simple ownership of a Firestone. This investment will offer a new owner continued success due to the
financial strength and the proven profitability of the tenant.

INVESTMENT HIGHLIGHTS
• Absolute NNN 15 Year Lease | Zero Landlord Responsibilities
• 5% Rental Rate Increase Every 5 Years
• Brand New Upgraded Design Construction | Essential Business
• Hard Corner Location | Part of a Publix Anchored Shopping Center
• 5 (5 Year) Options | 5% Rental Increase At Each Option
• One Mile Household Income $65,458
• Five Mile Population 39,032
• 29,615 VPD on Woodward Avenue
• Only 1.4 Miles From NW Shoals Community College
• 5 Miles from Florence, AL – Home to the University of Alabama

Instate Broker of Record: Brian Brockman | Bang Realty, Inc.