Retail Investment Offering Absolute NNN Winn-Dixie
Retail Investment Offering Absolute NNN Winn-Dixie 740 Schillinger Road North Mobile, Alabama 36608
Price $4,400,000 Cap Rate 9.00% Size 44,000 SF
Exclusive Listing Broker(s) Josh Burmeister 251.341.1600 [email protected] Buff Teague 251.341.1611 [email protected]
Investment Highlights SRS Real Estate Partners 165 West I-65 Service Road North Mobile, AL 36608 251.341.1600
• Winn-Dixie Corporate Guaranty • NOI - $396,000 annually • Store was renovated in 2009 • Absolute NNN Lease • Initial 20-Year Lease Term expires March 2018 • Five 5-Year Option periods • Excess land includes potential for adjacent small shop space • Possible Seller Financing
The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. Published: 04.07.2009
www.srsre.com
Retail Investment Offering: Winn-Dixie Winn-Dixie Founded in 1925, Winn-Dixie Stores is headquartered in Jacksonville, FL. The company currently operates 515 stores in 22 DMAs throughout Florida, Alabama, Louisiana, Georgia and Mississippi. Winn-Dixie is one of the largest food retailers in the nation and ranks 347 on the FORTUNE 500® list.
Price: $4,400,000 | Cap Rate: 9.00% | NOI: $396,000.00 | Possible Seller Financing Demographics
3 Miles
5 Miles
10 Miles
Total Population
30,206
95,808
291,008
Households
11,275
36,523
111,077
$57,417
$69,402
$58,139
14,555
37,288
133,148
Avg. HH Income Employees
Year: 2010 | Source: Synergos Technologies
Property Highlights: This free-standing Winn-Dixie grocery store is approximately 44,000 SF and is situated at the northeast quadrant of Schillinger Road and Zeigler Boulevard in Mobile, Alabama. The site includes approximately 4.65 acres of land with the potential ability to construct additional small shop space adjacent to Winn-Dixie. The store was renovated in 2009.
Lease Highlights: The lease is absolute triple-net with no Landlord responsibilities. Approximately seven years remain on the initial 20-year base term which expires on March 17, 2018. Winn-Dixie has five (5) - five year options. There are no rent escalations during the inital term and/or option periods.
Tenant Highlights: Winn-Dixie is headquartered in Jacksonville, FL and currently operates approximately 515 stores. Winn-Dixie is traded on the NASDAQ under the stock symbol “WINN”.
Contact: Josh Burmeister 251.341.1600 [email protected]
Buff Teague 251.341.1611 [email protected]
SRS Real Estate Partners - Mobile 165 West I-65 Service Road North Mobile, Alabama 36608
srsre.com
Price $4,400,000 Cap Rate 9.00% Size 44,000 SF
Exclusive Listing Broker(s) Josh Burmeister 251.341.1600 [email protected] Buff Teague 251.341.1611 [email protected]
Investment Highlights SRS Real Estate Partners 165 West I-65 Service Road North Mobile, AL 36608 251.341.1600
• Winn-Dixie Corporate Guaranty • NOI - $396,000 annually • Store was renovated in 2009 • Absolute NNN Lease • Initial 20-Year Lease Term expires March 2018 • Five 5-Year Option periods • Excess land includes potential for adjacent small shop space • Possible Seller Financing
The information contained herein was obtained from sources deemed to be reliable. However, SRS Real Estate Partners makes no guarantees, warranties, or representations as to the completeness or accuracy thereof. Published: 04.07.2009
www.srsre.com
Retail Investment Offering: Winn-Dixie Winn-Dixie Founded in 1925, Winn-Dixie Stores is headquartered in Jacksonville, FL. The company currently operates 515 stores in 22 DMAs throughout Florida, Alabama, Louisiana, Georgia and Mississippi. Winn-Dixie is one of the largest food retailers in the nation and ranks 347 on the FORTUNE 500® list.
Price: $4,400,000 | Cap Rate: 9.00% | NOI: $396,000.00 | Possible Seller Financing Demographics
3 Miles
5 Miles
10 Miles
Total Population
30,206
95,808
291,008
Households
11,275
36,523
111,077
$57,417
$69,402
$58,139
14,555
37,288
133,148
Avg. HH Income Employees
Year: 2010 | Source: Synergos Technologies
Property Highlights: This free-standing Winn-Dixie grocery store is approximately 44,000 SF and is situated at the northeast quadrant of Schillinger Road and Zeigler Boulevard in Mobile, Alabama. The site includes approximately 4.65 acres of land with the potential ability to construct additional small shop space adjacent to Winn-Dixie. The store was renovated in 2009.
Lease Highlights: The lease is absolute triple-net with no Landlord responsibilities. Approximately seven years remain on the initial 20-year base term which expires on March 17, 2018. Winn-Dixie has five (5) - five year options. There are no rent escalations during the inital term and/or option periods.
Tenant Highlights: Winn-Dixie is headquartered in Jacksonville, FL and currently operates approximately 515 stores. Winn-Dixie is traded on the NASDAQ under the stock symbol “WINN”.
Contact: Josh Burmeister 251.341.1600 [email protected]
Buff Teague 251.341.1611 [email protected]
SRS Real Estate Partners - Mobile 165 West I-65 Service Road North Mobile, Alabama 36608
srsre.com
