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Shopping Strip

Multi-Tenant Retail Portfolio

16493 US-72, Rogersville, AL 35652

Listing Price: $2,857,000

Cap Rate
8.63%
Rentable SF
8,514
Lot Size
0.59 acres
Year Built
1991

Investment Overview

Marcus & Millichap is pleased to present for sale a portfolio of 3 Multi-Tenant Retail properties in the Florence/Muscle Shoals MSA. The portfolio consists of three separate parcels totaling 1.05 acres. The combined square feet of retail space is 22,314 SF. The 6 tenant strip in Rogersville was just fully leased. The Muscle Shoals 4 unit strip just completed construction and is undergoing lease up.

The properties are strategically located along the main retail corridor in their respective towns. The Florence/ Muscle Shoals MSA is home to 155,175 residents and has grown steadily since 2010 at a rate of 3.3%.

Investment Highlights

  • 3 Multi-tenant retail properties in the Florence/ Muscle Shoals MSA
  • 6 Tenant Strip, 4 Tenant strip, 2 Tenant Mixed Use downtown property.
  • Low Price/SF

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Strip

Multi-Tenant Retail Portfolio

Listing Price: $2,857,000

Cap Rate
8.63%
Rentable SF
8,514
Lot Size
0.59 acres
Year Built
1991

Investment Highlights

  • 3 Multi-tenant retail properties in the Florence/ Muscle Shoals MSA
  • 6 Tenant Strip, 4 Tenant strip, 2 Tenant Mixed Use downtown property.
  • Low Price/SF

Investment Overview

Marcus & Millichap is pleased to present for sale a portfolio of 3 Multi-Tenant Retail properties in the Florence/Muscle Shoals MSA. The portfolio consists of three separate parcels totaling 1.05 acres. The combined square feet of retail space is 22,314 SF. The 6 tenant strip in Rogersville was just fully leased. The Muscle Shoals 4 unit strip just completed construction and is undergoing lease up. The properties are strategically located along the main retail corridor in their respective towns. The Florence/ Muscle Shoals MSA is home to 155,175 residents and has grown steadily since 2010 at a rate of 3.3%.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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