Skip to main content

Shopping Neighborhood

Winn Dixie Anchored Shopping Center

3625 AL-14, Millbrook, AL 36054

Listing Price: $7,930,000

Cap Rate
7.00%
Gross SF
50,002
Rentable SF
50,002
Price/Gross SF
$158.59
Lot Size
6.61 acres
Year Built
2003

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.

Investment Highlights

  • 100 PERCENT OCCUPIED, 50,002-SQUARE-FOOT FOUR-TENANT GROCERY-ANCHORED SHOPPING CENTER
  • ANCHORED BY WINN-DIXIE (92 PERCENT OF GLA) ON A NNN LEASE THRU JUNE 2033
  • 8.5 YEARS WEIGHTED A VERAGE LEASE TERM REMAINING WITH RECENT 10-YEAR LEASE EXTENSION FROM WINN-DIXIE
  • VERY STRONG POPULATION GROWTH IN THE SUBMARKET WITH MORE THAN NINE PERCENT POPULATION GROWTH PROJECTED WITHIN A THREE-MILE RADIUS
  • HIGH TRAFFIC INTERSECTION WITH ACCESS AND VISIBILITY TO MORE THAN 39,000 VEHICLES PER DAY

Exclusively Listed By

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Neighborhood

Winn Dixie Anchored Shopping Center

Listing Price: $7,930,000

Cap Rate
7.00%
Gross SF
50,002
Rentable SF
50,002
Price/Gross SF
$158.59
Lot Size
6.61 acres
Year Built
2003

Investment Highlights

  • 100 PERCENT OCCUPIED, 50,002-SQUARE-FOOT FOUR-TENANT GROCERY-ANCHORED SHOPPING CENTER
  • ANCHORED BY WINN-DIXIE (92 PERCENT OF GLA) ON A NNN LEASE THRU JUNE 2033
  • 8.5 YEARS WEIGHTED A VERAGE LEASE TERM REMAINING WITH RECENT 10-YEAR LEASE EXTENSION FROM WINN-DIXIE
  • VERY STRONG POPULATION GROWTH IN THE SUBMARKET WITH MORE THAN NINE PERCENT POPULATION GROWTH PROJECTED WITHIN A THREE-MILE RADIUS
  • HIGH TRAFFIC INTERSECTION WITH ACCESS AND VISIBILITY TO MORE THAN 39,000 VEHICLES PER DAY

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.

Exclusively Listed By

  • Alex Perez

    First Vice President Investments

    (314) 889-2525

    Email Alex

    License(s): MO: 2000163389 , NE: 20230231, IL: 475199830, AL: 000164341 - 0

    St. Louis

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

MM Texture Background
MM Textured Background Lower