2606 Cloverdale Road, Florence, AL 35633
Description
Maher Commercial Realty presents a premier, stabilized commercial net-lease investment opportunity with a cap rate of 8.15% 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.
Key points:
- 2,926 SF single-tenant commercial building constructed in 2017 on a 6,316 SF parcel | 8.15% Cap Rate
- Long-term lease extension executed from December 1, 2026, through November 30, 2031.
- Stable, predictable income of $7,804.13 per month ($93,649.56 annualized).
- Corporate lease signed by Cellular Sales of Birmingham, LLC with an explicit parent corporate guaranty.
- Contractual remaining 5-year option pushes annual revenue to $103,248.60 starting in late 2031.
- Highly insulated lease structure protecting investor margins from operational and tax overhead.
Property Features:
- List Price: $1,149,000
- Building Size: +/-2,926 Sq.Ft.
- Land Area: +/-6,316 Sq.Ft.
- Zoning: Commercial
- Cap Rate: 8.15%
- NOI: $93,649.56
Address
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Address 2606 Cloverdale Rd, Florence, AL
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Country United States
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Postal code/ZIP 35633
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Contact
Arian Zerehi
Property Agent
Arian Zerehi is an Investment Associate at Maher Commercial, specializing in the acquisition and disposition of multifamily properties, gas stations, and car washes across Southern California. With a strong foundation in Commercial Real Estate, Real Estate Development, and Real Estate Syndication, Arian leverages his in-depth industry knowledge to deliver optimal results for both buyers and sellers. Arian brings a strategic, client-first approach to every transaction, guiding clients through the complexities of buying, selling, or exchanging investment real estate. His success stems from a deep understanding of market dynamics, an ability to negotiate favorable terms, and an unwavering commitment to protecting his clients’ interests. He holds a dual degree in Real Estate Development and Business Administration from the University of Southern California and is a licensed Chevron, Shell, and Mobil dealer. Arian is also well-versed in Delaware Statutory Trusts (DSTs) across all U.S. states, providing his clients with tax-advantaged solutions and alternative investment opportunities. CA DRE 01987372
Oron Maher
Property Agent
Oron Maher is a leading commercial real estate veteran and the founder of Maher Commercial Realty, a Beverly Hills-based brokerage specializing in investment sales and leasing transactions across all property types within the Greater Los Angeles Area. With nearly two decades of experience representing high-profile buyers and sellers in the region, including major institutions and REITS, private family offices and individual investors, Oron has arranged over a billion dollars in transactions throughout his career and brings a wealth of knowledge, expertise and an unmatched level of client service to the Greater L.A. market. Oron Maher’s firm’s approach includes a customized approach to each opportunity in order to highlight its unique value, leading to record-breaking sales and long-term client relationships. Prior to launching his firm, Oron served as a broker and national sales leader for BRC Advisors. Prior to that, he spent nine years at Coldwell Banker Commercial, where he oversaw a team ranked in the top one percent of commercial brokers in the nation within the Coldwell network. Oron’s extensive experience as a former real estate attorney, investor, developer and community leader has fortified his work in building a successful brokerage in Los Angeles. Oron Maher holds a bachelor’s degree in business management from California State University, Long Beach and a juris doctorate from the San Francisco Law School. Oron’s entrepreneurial approach to Maher Commercial Realty blends his deep knowledge of the industry with a versatile skillset to secure optimal results across the board. An active community member, Oron has served on more than two dozen non-profit and for-profit boards and chaired the real estate section of the Beverly Hills Bar Association. His passion for giving back and empowering young adults and aspiring businesspeople through mentorship, networking and education led Oron to co-create The Maher Foundation, a nine-month fellowship program which provides development opportunities to recent graduates. BRE#01299093