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Shopping Strip

Brewton Shopping Center

2570 Douglas Ave, Brewton, AL 36426

Listing Price: $4,566,267

Cap Rate
8.25%
Gross SF
30,027
Rentable SF
30,027
Price/Gross SF
$152.07
Lot Size
6.02 acres
Year Built
2009

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 30,007-square-foot, multi-tenant retail center located in Brewton, Alabama. Brewton Shopping Center is currently 100 percent leased, and 100 percent of the leases are triple-net leases. The center is comprised of two multi-tenant buildings: a 26,720-square-foot building featuring Dollar Tree, Amedisys Home Health Care, Hibbett Sports, CATO, New World Nails, 1st Franklin Financial, and ALFA Insurance; and a 3,307-square-foot building leased to AT&T, World Finance, and Vape City. The subject property is comprised of two land parcels totaling 6.02 acres and has ample paved parking and highly visible double-sided pylon signage that provides additional exposure to the center.

Shadow-anchored by Walmart Supercenter, Brewton Shopping Center is located on Douglas Avenue/US-31, a major north-south thoroughfare in the city. Traffic counts in front of the property exceed 13,000 vehicles per day. The subject property is shadow-anchored by Walmart Supercenter and near other national and regional retailers including Whataburger, Murphy Express, Tom Thumb, Taco Bell, Sonic Drive-In, Roses Express, Dirt Cheap, Verizon, Subway, Walgreens, Tractor Supply Co., Dollar General, Aaron’s Furniture Store, Sherwin-Williams, and many more. Brewton Center is also near Dogwood Hills Golf Course and T.R. Miller High School providing additional traffic to the area.

Investment Highlights

  • 30,007-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
  • 100% Leased | 100% of the Gross Leasable Area has Triple-Net Leases
  • Strong Tenant Lineup Anchored by Dollar Tree | 84% of the Gross Leasable Area has National or Regional Credit Tenants
  • Property is Comprised of Two Multi-Tenant Buildings and Two Land Parcels Totaling 6.02 Acres
  • Signalized, Hard Corner Location at the Intersection of Douglas Avenue/US-31 and Old Castleberry Road | Easily Accessible from Multiple Ingress and Egress Points

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Strip

Brewton Shopping Center

Listing Price: $4,566,267

Cap Rate
8.25%
Gross SF
30,027
Rentable SF
30,027
Price/Gross SF
$152.07
Lot Size
6.02 acres
Year Built
2009

Investment Highlights

  • 30,007-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
  • 100% Leased | 100% of the Gross Leasable Area has Triple-Net Leases
  • Strong Tenant Lineup Anchored by Dollar Tree | 84% of the Gross Leasable Area has National or Regional Credit Tenants
  • Property is Comprised of Two Multi-Tenant Buildings and Two Land Parcels Totaling 6.02 Acres
  • Signalized, Hard Corner Location at the Intersection of Douglas Avenue/US-31 and Old Castleberry Road | Easily Accessible from Multiple Ingress and Egress Points

Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a 30,007-square-foot, multi-tenant retail center located in Brewton, Alabama. Brewton Shopping Center is currently 100 percent leased, and 100 percent of the leases are triple-net leases. The center is comprised of two multi-tenant buildings: a 26,720-square-foot building featuring Dollar Tree, Amedisys Home Health Care, Hibbett Sports, CATO, New World Nails, 1st Franklin Financial, and ALFA Insurance; and a 3,307-square-foot building leased to AT&T, World Finance, and Vape City. The subject property is comprised of two land parcels totaling 6.02 acres and has ample paved parking and highly visible double-sided pylon signage that provides additional exposure to the center. Shadow-anchored by Walmart Supercenter, Brewton Shopping Center is located on Douglas Avenue/US-31, a major north-south thoroughfare in the city. Traffic counts in front of the property exceed 13,000 vehicles per day. The subject property is shadow-anchored by Walmart Supercenter and near other national and regional retailers including Whataburger, Murphy Express, Tom Thumb, Taco Bell, Sonic Drive-In, Roses Express, Dirt Cheap, Verizon, Subway, Walgreens, Tractor Supply Co., Dollar General, Aaron’s Furniture Store, Sherwin-Williams, and many more. Brewton Center is also near Dogwood Hills Golf Course and T.R. Miller High School providing additional traffic to the area.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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