For Sale
$838,000 | 7.25% Cap
531 St Clair St, Russellville, AL 35653
New OM Download
New OM Download
Broker of Record: | N/A |
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 2,340 Square Feet |
8 Years | $60,789 |
Investment Highlights
Absolute NNN | Zero LL Responsibilities
Tenant handles the roof, foundation, structure, parking lot, HVAC and all building systems and pays taxes, insurance and utilities directly.
2% Annual Rent Increases
Rent steps up 2% every lease year through the primary term and continues at 2% per year through all five renewal options.
8+ Years Remaining | 5 x 5-Yr Options
Firm term runs through November 30, 2034, with five 5-year options that could extend the lease through 2059.
Multi-Office Regional Practice
Singing River operates ten offices across the Shoals and north Alabama with 18 doctors, including three Treehouse Children's Dentistry locations (October 2026).
2022 Sale-Leaseback
The Gardiner family owned the building from 2018 until 2022, when the practice sold it and signed a new 12-year lease to stay.
Off US-43 Retail Corridor
Behind Franklin Shopping Center (Price Less IGA) near Walmart Supercenter, Wendy's, Bojangles, Waffle House and AutoZone on Russellville's main commercial corridor.
| Facility Type | Building Area (SF) | Years Remaining | Net Operating Income |
|---|---|---|---|
| Single Tenant | 2,340 Square Feet |
8 Years | $60,789 |
Overview
Peranich Huffman Net Lease Group is pleased to offer a single-tenant Singing River Dentistry office at 531 St. Clair Street SE in Russellville, Alabama, offered at $838,000, a 7.25% cap rate on $60,789 of annual base rent (effective November 17, 2026).
Net Lease Structure
Tenant maintains, repairs and replaces the roof, foundation, structure, parking lot, HVAC and all building systems, and pays real estate taxes, insurance and utilities directly. The landlord has no repair or maintenance obligations.
Lease Term
The tenant pays $60,789 in annual base rent ($5,065.78 per month) under an absolute NNN lease running through November 30, 2034, with more than eight years of firm term remaining. Rent increases 2% every year, reaching $69,828 in the final full lease year of the primary term. Five 5-year renewal options carry the same 2% annual increases, giving the tenant the right to extend through November 2059.
Established Regional Practice
Singing River Dentistry is a ten-office practice with 18 doctors across the Shoals and north Alabama (October 2026). The practice sold this building in a 2022 saleleaseback and signed a new 12-year lease to stay, with five 5-year options to follow.