Sunbelt Rentals

Demopolis, Alabama, is a historic city located in west-central Alabama, approximately 100 miles west of Montgomery. Situated at the confluence of the Tombigbee and Black Warrior Rivers, Demopolis has a rich heritage dating back to its founding in 1819. The city is known for its antebellum architecture, including the historic Demopolis City Hall, and for hosting annual events like the Demopolis City Fest, which celebrates local culture and community. The real estate market in Demopolis offers a variety of opportunities, including residential, commercial, and industrial properties. The average home price in the city is approximately $83,000, significantly below the county average of $175,000, making it an attractive option for potential homeowners and investors. The commercial real estate market is diverse, with properties suitable for retail, industrial, and mixed-use developments. Notable listings include a Dollar General store on North Walnut Avenue priced at $1,687,151, an industrial property on US Highway 80 West listed at $535,000, and a 5.51-acre commercial lot along US Highway 80 priced at $475,000. Additionally, there are several land parcels available for development, such as an 8.4-acre property off Highway 80 zoned for business or limited industrial use and a 56-acre lot on Pinhook Road listed at $168,000, offering ample opportunities for commercial, residential, or mixed-use projects. Demopolis's economy is supported by sectors including agriculture, manufacturing, and retail. Its strategic location along major highways and near river transport routes enhances its appeal for logistics and distribution centers. Coupled with an affordable real estate market, the city presents promising opportunities for local entrepreneurs and external investors looking to establish a presence in a growing, historically rich community.Fortis Net Lease is pleased to present this freestanding industrial property, fully leased to the international tenant Sunbelt Rentals. Sunbelt recently executed their first five-year option period, extending the lease. With the recent extension, the lease now has over 4+ Years Months remaining in the current term, plus Two remaining five-year options. The property is structured as a NN (double net) lease, minimizing landlord responsibilities to primarily roof, Structure, Foundation. The lease also includes a 2% annual rent increase to help hedge against inflation. Constructed in 2018 and improved in 2021 when Sunbelt first leased the premises, the property now sits on over 8 acres with Sunbelt electing to lease the additional 4+/- acres signed into the recent lease amendment, providing ample space for the tenant’s desired Industrial Outdoor Storage (IOS). Along with the recent extension, Sunbelt Rentals has plans Major Lease Hold Improvements. This is an excellent opportunity for an investor seeking a passive income-producing asset with minimal landlord involvement and a creditworthy international tenant in place.