Shopping Regional
Shops at Point Clear
18125 Wright Blvd, Fairhope, AL 36532
Listing Price: $21,750,000
Investment Overview
Marcus & Millichap is pleased to present the exceptionally rare opportunity to acquire a brand-new Publix anchored shopping center, The Shops at Point Clear. Located in Fairhope, Alabama, this shopping center is home to 10 other tenants, all on long term leases with increases every 5 years. Trophy asset with a high degree of market stability.
The Shops at Point Clear is strategically located amidst the growing coastal market of Fairhope, Alabama.
Fairhope is growing an annual rate of 2.39%, and the median household income is well above the national
average- all factors further evidencing why this property is primed for success
Shops at Point Clear
Investment Highlights
- Anchored by Publix, a Fortune 500 Company With an Initial Twenty-Year Lease.
- Fairhope is Growing at an Annual Rate of 2.39%
- 10% Rental Escalations Every Five Years for Non-Anchor Tenants
- Constructed in 2023- Latest Publix Concept and Fantastic Building Condition.
- Daily Traffic Count of 19,689 VPD off South Greeno Road.
- Residents in Fairhope Have on Average 20% Higher Household Income Than The United States Average
Broker of Record
Financing By
Listing Price: $21,750,000
Investment Highlights
- Anchored by Publix, a Fortune 500 Company With an Initial Twenty-Year Lease.
- Fairhope is Growing at an Annual Rate of 2.39%
- 10% Rental Escalations Every Five Years for Non-Anchor Tenants
- Constructed in 2023- Latest Publix Concept and Fantastic Building Condition.
- Daily Traffic Count of 19,689 VPD off South Greeno Road.
- Residents in Fairhope Have on Average 20% Higher Household Income Than The United States Average
Investment Overview
Marcus & Millichap is pleased to present the exceptionally rare opportunity to acquire a brand-new Publix anchored shopping center, The Shops at Point Clear. Located in Fairhope, Alabama, this shopping center is home to 10 other tenants, all on long term leases with increases every 5 years. Trophy asset with a high degree of market stability. The Shops at Point Clear is strategically located amidst the growing coastal market of Fairhope, Alabama. Fairhope is growing an annual rate of 2.39%, and the median household income is well above the national average- all factors further evidencing why this property is primed for success
Broker of Record
-
Eddie Greenhalgh
Senior Vice President Investments
Financing By
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