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Modern Academy of Cosmetology 505 N Seminary St 8 600 pi² Bureau Immeuble Florence, AL 35630 1 910 246 $ CAD (222,12 $ CAD/pi²)
Certaines informations ont été traduites automatiquement.
Faits saillants de l'investissement
- - Long Term Lease With 9 Years Remaining and Minimal Landlord Responsibilities
- - Convenient Downtown Florence Location, Situated One Block from University of North Alabama — the Area’s Primary Economic Driver
- - Comprehensive $715,000 Renovation and Custom Buildout Completed in 2024, Creating a Significant Barrier to Tenant Relocation
- - Below-Market Rent Provides Strong Upside Potential at Lease Expiration
Résumé de l'annonce
We are pleased to exclusively offer for sale this single-tenant, net-leased office building located at 505 N Seminary St in Florence, Alabama. The property is 100% leased
to Modern Academy of Cosmetology, a locally owned private school founded in 2017 offering a full range of cosmetology specialties. In 2024, the building underwent a
comprehensive $715,000 demolition, renovation, and custom buildout. Capital improvements include a new roof, insulation, HVAC units, tankless water heaters, gas
piping, upgraded plumbing (including new sewer line to the parking lot and water supply lines), new cabinets, updated electrical panels and wiring, new flooring, and
fresh interior and exterior paint.
The building consists of approximately 8,600 net rentable square feet and is situated on a fee simple parcel. The current lease commenced on October 15, 2024, and
carries a 10-year primary term with one 5-year renewal option. The lease features 10% rental increases every five years. The landlord is responsible for taxes, insurance,
roof, and structure, while the tenant covers all utilities, routine building maintenance, and HVAC repairs.
Florence is the largest city in the metropolitan area known as “The Shoals,” which also includes Muscle Shoals, Sheffield, and Tuscumbia, spanning Colbert County and
Lauderdale County. Florence serves as the primary economic hub of northwestern Alabama. As of 2026, Florence’s population is approximately 42,716, with the broader
MSA totaling approximately 156,000 residents — reflecting growth of more than 5% since the 2020 Census. The region continues to benefit from its proximity to
Huntsville (approximately 60 miles east) and Nashville (approximately 120 miles north), two of the fastest-growing cities in the United States.
This investment opportunity offers stable, long-term cash flow backed by a committed tenant that has made significant capital investments into the property, aligning
tenant and landlord interests for long-term success.
to Modern Academy of Cosmetology, a locally owned private school founded in 2017 offering a full range of cosmetology specialties. In 2024, the building underwent a
comprehensive $715,000 demolition, renovation, and custom buildout. Capital improvements include a new roof, insulation, HVAC units, tankless water heaters, gas
piping, upgraded plumbing (including new sewer line to the parking lot and water supply lines), new cabinets, updated electrical panels and wiring, new flooring, and
fresh interior and exterior paint.
The building consists of approximately 8,600 net rentable square feet and is situated on a fee simple parcel. The current lease commenced on October 15, 2024, and
carries a 10-year primary term with one 5-year renewal option. The lease features 10% rental increases every five years. The landlord is responsible for taxes, insurance,
roof, and structure, while the tenant covers all utilities, routine building maintenance, and HVAC repairs.
Florence is the largest city in the metropolitan area known as “The Shoals,” which also includes Muscle Shoals, Sheffield, and Tuscumbia, spanning Colbert County and
Lauderdale County. Florence serves as the primary economic hub of northwestern Alabama. As of 2026, Florence’s population is approximately 42,716, with the broader
MSA totaling approximately 156,000 residents — reflecting growth of more than 5% since the 2020 Census. The region continues to benefit from its proximity to
Huntsville (approximately 60 miles east) and Nashville (approximately 120 miles north), two of the fastest-growing cities in the United States.
This investment opportunity offers stable, long-term cash flow backed by a committed tenant that has made significant capital investments into the property, aligning
tenant and landlord interests for long-term success.
Faits sur la propriété
Type de vente
Investissement
Condition de vente
Construction sur mesure
Type de propriété
Bureau
Taille du bâtiment
8 600 pi²
Classe d’immeuble
C
Année de construction/rénovation
1964/2024
Prix
1 910 246 $ CAD
Prix par pi²
222,12 $ CAD
Location
Unique
Hauteur du bâtiment
1 étage
Superficie de plancher typique
8 600 pi²
Coefficient d’occupation des sols de l’immeuble
0,45
Taille du lot
0,44 AC
Zone de développement économique
Oui
Commodités
- Affichage
- Climatisation
1 1
Assez praticable à pied
50/100
Exceptionnellement facile d’accès en voiture
90/100
Plutôt praticable en vélo
50/100
Impôts fonciers
| Numéro de lot | 24-02-10-4-002-030.000 | Évaluation des bâtiments | 0 $ CAD |
| Évaluation du terrain | 0 $ CAD | Évaluation totale | 282 152 $ CAD |
Impôts fonciers
Numéro de lot
24-02-10-4-002-030.000
Évaluation du terrain
0 $ CAD
Évaluation des bâtiments
0 $ CAD
Évaluation totale
282 152 $ CAD
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Présenté par
Modern Academy of Cosmetology | 505 N Seminary St
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