Contacts
Shannon Auty
NAI TALCOR
Property Details
- Property Type Retail - Strip
- Property Size 4,800 SF
- Units 4
- Lot Size 0.36 Acre
- Parking Spaces Avail. 22
- Property Tenancy Multi-Tenant
- Year Built 1993
- Year Renovated 2024
- Date Updated May 20, 2026
Located on US Hwy. 331 at 1390 S. Forest Ave, Luverne, ALInvestment Opportunity: This multi-tenant retail center with State Farm and Haynes Ambulance anchor tenants is located on US Hwy. 331, with a 2023 AADT of 12,695 VPD. The building is approximately 4,800 sq. ft. with four +- 1,200 sq. ft. retail suites (100% occupancy). Positioned across from Ramey’s Marketplace and near AutoZone, Luverne Parks & Recreation, DG Market, McDonald's, Jack's, Roses and more.
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Highlights
- 9% cap rate | NOI $45,601.66
- Modified Gross Leases
- Positioned along high-visibility corridor on US Hwy 331 with easy access
- Suite 1: Haynes Ambulance, expiration 11-30-28. Rent $1,250/mo
- Suite 2: State Farm (long-term, credit rated), expiration 12-31-32 with scheduled increase. Rent $1,200/mo
- Suite 3: Between the Rye Sandwich Shop, expiration 10-31-28. Rent $1,200/mo
- Suite 4: Smash Mouth Foods, expiration 12-31-28. New HVAC 2024. Current rent $800/mo through 6-30-26. Stabilized rent $1,250/mo beginning 7-1-26
Attachments
Getting around
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36/100
Walk Score ®
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34/100
Bike Score ®
Powered by Walk Score ®
Location
- City Luverne, AL
- Zip Code 36049
Points of Interest
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Sun Stop
7.95 miles
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Eagle Express
8.01 miles
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Old Gin Creek
8.16 miles
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McDonald's
0.53 miles
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Papa's
7.96 miles
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The Parlor
7.98 miles
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Lawhorn's Too
8.00 miles
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The Old Barn Restaurant
9.76 miles
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Dixieland
8.01 miles
Contact Listing Broker
Shannon Auty
NAI TALCOR