Industrial Sale Leaseback
Industrial | 8.58% CAP | 22,400 SqFt
Marketing description
Marcus and Millichap is pleased to present the opportunity to acquire the property located at 3400 East Second Street, Muscle Shoals, AL, part of the Florence / Muscle Shoals MSA. This + 22,400 SF industrial facility is 100 percent leased to Northwest Alabama Transport, Inc. (NWA Transport), and situated on 8 acres, adjacent to Northwest AL Regional Airport and the Muscle Shoals Industrial corridor. The MSA is the second most populated in Northeast Alabama behind Huntsville with a total population of 150,000 with proximity to Nashville, Huntsville, and Birmingham.
NWA Transport is a leading interstate freight carrier founded in 2017. Revenue increased from $4.85 million in 2023 to $6.12 million in 2024, reaching $7.61 million in 2025, reflecting consistent year-over-year growth. The company will sign a 5-year, NNN lease with 3% escalations, with two (2), three (3)-year options at closing. Recent 2025 renovations include: New paint ($45k), New roof on office building ($10k), Roll up door maintenance - all doors ($20k), and New LED lights in warehouse ($15k). Rationale behind the five-year lease is purely precautionary in the event company growth outpaces projections.
Investment highlights
Seller Will Sign a 5-Year, NNN Lease at Closing with 3% Escalations and Two, Three-Year Option
Property Consists of Two Buildings (Warehouse and Separate Office Building) with Seven Grade-Level Doors and 22' Clear Height
Eight Acres of Land Creates Opportunity for Future Expansion or Outside Storage
Located Within 90 Minute Drive of Nashville, Huntsville, Birmingham and Memphis. Population Growth of 8% Since 2020
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