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Available For Sale - Retail

52,509 SF

AVAILABILITY DETAILS

Size
52,509 SF
Price/SF
N/A - Contact for Info
Listing ID
SA255297
Notes
Avison Young, as exclusive advisor, is pleased to present Hamilton Heights (the “Property”), a One (1) building, 52,509.82 SF (37,022 SF leasable) multi-tenant Neighborhood Center in Hamilton, Alabama anchored by Goody’s, Dollar Tree, and Anytime Fitness. The Property is currently 100% leased to nine (9) tenants. The building was originally developed in 1992, before the current owner refreshed and modernized the property in 2013. The offering represents the opportunity to acquire a well-constructed retail center, with significant recent capital improvements, situated along a major retail corridor military street south. |Hamilton Heights is a one (1)-story retail shopping center residing on 5.90 acres. Hamilton Heights has four (4) points of ingress / egress along major North-South local thoroughfare Military Road South. With 100% of tenants having at least one contractual renewal option at above current in-place rent, the property offers investors stable in-place cash flows with the opportunity for significant NOI growth as tenants exercise in-place option terms. |The Tenant mix includes a variety of national and local retailers, including Goody’s, Dollar Tree, and Anytime Fitness. The center has benefitted from strong recent leasing activity, and a weighted average in-place lease term of 3.92 years remaining. |Hamilton Heights boasts excellent visibility and is located in a prominent retail cluster, directly adjacent Bevill State Community College and south of North Mississippi Medical Center. The property is offered as part of a portfolio, subject to existing financing, and offers investors the ability to take advantage of attractive in-place debt to boost returns.
Uses
Retail

This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for you needs.

Listing provided courtesy of
Theresa Johnson, Avison Young