Investment Overview

Marcus & Millichap is pleased to present the opportunity to acquire a fee simple interest in the Millbrook Winn-Dixie, a 50,002-Square-foot grocery anchored shopping center (“The Property”) located in Millbrook, AL (Montgomery MSA). The Property is anchored by Winn-Dixie (92 percent of GLA), who has operated at the site since original construction in 2003 and recently executed a brand new 10-year lease through 2033. Millbrook Winn-Dixie is a high performing store with an impressive health ratio. In addition, per Placer A.I., the Millbrook store ranks within the Top 35 percent of all Winn-Dixie’s in the nation. The 100 percent leased Property also features an adjoining three-tenant retail strip occupied by restaurant and service tenants that complement the supermarket and provide cross shopping synergies. Strategically positioned at the intersection of Hwy 14 and Deatsville Hwy, the area’s dominant arterial thoroughfare, the shopping center features prominent monument signage with excellent visibility and access to over 39,000 vehicles per day near a signalized intersection that provides convenient access to the nearly 120,000 people in the ten-mile radius with average household incomes exceeding $75,000. Situated in Millbrook, a quickly growing suburb of Montgomery, the population within 3-miles is projected to continue to grow more than nine percent over the next five years. In 2024, Aldi completed the acquisition of Winn-Dixie’s parent company Southeastern Grocers and now owns and operates all 545 Winn-Dixie stores. With the addition of Winn-Dixie, Aldi now operates more than 2,800 stores throughout the United States with plans to open 800 new locations by 2028. The Property is offered free and clear at a 7.0 percent cap rate totaling $7,930,000.