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Available For Sale - Retail

47,100 SF

AVAILABILITY DETAILS

Size
47,100 SF
Price/SF
N/A - Contact for Info
Listing ID
SA255298
Notes
Avison Young, as exclusive advisor, is pleased to present Haleyville Marketplace (the “Property”), a one (1) building, 47,100 SF multi-tenant Retail - Neighborhood Center in Haleyville, AL, with notable tenants Goody’s, Dollar Tree Stores, Inc., and Drayer Physical Therapy Institute, LLC. The Property is currently 100% leased to four (4) tenants. The building was originally developed in 1981 as a Wal-Mart before the current owner demised, refreshed and modernized the property 2013. The offering represents the opportunity to acquire a well-constructed retail center, with significant recent capital improvements, situated on 6.12 acres along a major retail corridor. |Haleyville Marketplace has three (3) points of ingress / egress along major east-west local thoroughfare Highway 195 W and one (1) point of ingress / egress along Williams Drive at the rear of the property. 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 Stores, Inc., Drayer Physical Therapy Institute, LLC. The center has benefitted from strong recent leasing activity, and a weighted average in-place lease term of 3.25 years remaining. |Haleyville Marketplace boasts great visibility and traffic counts of over 9,000 VPD. The property is prominently located in a retail node, located along local thoroughfare 195 W. The tenant mix is ideally suited to the local demographic profile, with a population of 16,331 and an average household income of $43,270 within a 10-mile radius. 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