STREAM Capital Partners > Properties > All Properties > Mutual Savings Credit Union

Mutual Savings Credit Union

Net Lease

1030 Lee Street, Alexander City, Alabama
Ownership Type:
Fee Simple
Price:
$1,019,831
Cap Rate:
6.80%
Current Rent:
$69,348
Tenancy:
Single Tenant
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 13 years
Renewal Options:
3 5-yr Options
Building Sq. Ft.:
2,412 SF
Rent Increases:
2.25% Annually
Site Size:
1.58 Acres

Investment Highlights

  • Long-Term Stability: The Absolute NNN lease features 2.25% annual rent increases, providing predictable cash flow, consistent income growth, and zero landlord responsibilities.
  • Strategic Highway Positioning & Convenient Access: Ideally located just off Highway 280, benefiting from combined traffic counts exceeding 33,170 VPD, with convenient ingress and egress from both Lee Street and Mira Place.
  • Established Credit Union Guarantor: Founded in 1936, Mutual Savings Credit Union brings nearly 90 years of operating history and has expanded from serving U.S. Steel employees to a diversified membership base spanning 13 counties across Central Alabama.
  • Growing Market: Alexander City continues to demonstrate positive economic momentum, supported by population growth, rising household incomes, and increasing property values—reinforcing the market’s long-term strength and investment appeal
  • Strong CRE Investment Activity: Alex City’s commercial real estate market continues to benefit from growth surrounding Lake Martin and investment along the U.S. Highway 280 corridor. The recent $23.1 million sale of The Gateway at Lake Martin, anchored by Publix, Marshalls and Starbucks, highlights strong investor interest and consumer demand in the market.
Ownership Type:
Fee Simple
Price:
$1,019,831
Cap Rate:
6.80%
Current Rent:
$69,348
Lease Type:
Triple Net
Landlord Responsibilities:
None
Lease Expiration Date:
Approx. 13 years
Renewal Options:
3 5-yr Options
Building Sq. Ft.:
2,412 SF
Rent Increases:
2.25% Annually
Site Size:
1.58 Acres

Listing Agents

Adam English

Managing Director
256 694 9803[email protected]

Adam Baxter

Vice President
205 394 3520[email protected]

Jordan Williams

Senior Associate
205 209 5671[email protected]

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