Retail Investment Offering
Retail Investment Offering Andalusia Marketplace 540 West Bypass Andalusia, Alabama
Price $4,300,000 NOI $408,435 CAP 9.5%
Exclusive Listing Broker(s) Josh Burmeister 251.341.1602 [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
• New 10+ Year Leases with Tractor Supply, Marvin’s Building Materials, and Food Giant d/b/a Pic-N-Sav • New Roof in 2011 with 20 Yr Warranty • GLA is approximately 93,690 SF • Land Size ±11.39 Acres • Potential Outparcel Opportunity Included • Inquire With Broker To Receive Offering Memorandum
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: 01.12.2012
www.srsre.com
For Sale • Andalusia Marketplace OOD PRESTW
BRIDGE
ROAD
Site SITESummary SUMMARY Tractor Supply
NOT A PART
Display area Tractor Supply
Available Outparcel
U.S HIGHWAY 29 BYPASS
Display area
Tractor Supply Tractor SupplyCoCo. Food Giant Food Giant Marvin’s Marvin’s Total Building Size:
28,000SF SF ±28,000 27,000 SF ±27,000 SF 38,690 SF ±38,690 SF ±93,690 SF
Land Area:
±11.39 AC
Marvin’s Fenced Display Area
NOT A PART
SRS Real Estate Partners, as exclusive agent, is offering for sale Andalusia Marketplace (“the property”). This property is located in Andalusia, Alabama at the southwest quadrant of Highway 29 Bypass and Preston Bridge Road. The site consists of approximately ±11.39 acres improved by the approximate ±93,690 square foot retail center. The center is currently fully leased with 100% of the tenants being solid regional and/or national merchants. The tenants include Tractor Supply Co., Marvin’s Building Materials, and Food Giant (d/b/a Pic-N-Sav), with one potential outparcel included. Although well-established and stable, the center promises on-going and available benefits to investors through rent increases and outparcel cash-flow potential. Demographics
3 Miles
5 Miles
10 Miles
30 Miles
Total Population
9,649
12,270
19,464
75,367
Median Age
39.69
40.06
40.47
40.88
Households
4,023
5,119
8,032
31,027
$ 49,430
$ 49,607
$ 49,381
$ 45,716
7,129
7,639
8,415
21,734
Avg. HH Income Daytime Employees
Year: 2010 | Source: Synergos Technologies
Contact: Josh Burmeister 251.341.1602 [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 $4,300,000 NOI $408,435 CAP 9.5%
Exclusive Listing Broker(s) Josh Burmeister 251.341.1602 [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
• New 10+ Year Leases with Tractor Supply, Marvin’s Building Materials, and Food Giant d/b/a Pic-N-Sav • New Roof in 2011 with 20 Yr Warranty • GLA is approximately 93,690 SF • Land Size ±11.39 Acres • Potential Outparcel Opportunity Included • Inquire With Broker To Receive Offering Memorandum
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: 01.12.2012
www.srsre.com
For Sale • Andalusia Marketplace OOD PRESTW
BRIDGE
ROAD
Site SITESummary SUMMARY Tractor Supply
NOT A PART
Display area Tractor Supply
Available Outparcel
U.S HIGHWAY 29 BYPASS
Display area
Tractor Supply Tractor SupplyCoCo. Food Giant Food Giant Marvin’s Marvin’s Total Building Size:
28,000SF SF ±28,000 27,000 SF ±27,000 SF 38,690 SF ±38,690 SF ±93,690 SF
Land Area:
±11.39 AC
Marvin’s Fenced Display Area
NOT A PART
SRS Real Estate Partners, as exclusive agent, is offering for sale Andalusia Marketplace (“the property”). This property is located in Andalusia, Alabama at the southwest quadrant of Highway 29 Bypass and Preston Bridge Road. The site consists of approximately ±11.39 acres improved by the approximate ±93,690 square foot retail center. The center is currently fully leased with 100% of the tenants being solid regional and/or national merchants. The tenants include Tractor Supply Co., Marvin’s Building Materials, and Food Giant (d/b/a Pic-N-Sav), with one potential outparcel included. Although well-established and stable, the center promises on-going and available benefits to investors through rent increases and outparcel cash-flow potential. Demographics
3 Miles
5 Miles
10 Miles
30 Miles
Total Population
9,649
12,270
19,464
75,367
Median Age
39.69
40.06
40.47
40.88
Households
4,023
5,119
8,032
31,027
$ 49,430
$ 49,607
$ 49,381
$ 45,716
7,129
7,639
8,415
21,734
Avg. HH Income Daytime Employees
Year: 2010 | Source: Synergos Technologies
Contact: Josh Burmeister 251.341.1602 [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
