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Shopping Regional

Mill Square

1580 Mill Square, Alexander City, AL 35010

Listing Price: $4,810,000

Cap Rate
8.25%
Gross SF
87,198
Rentable SF
87,198
Price/Gross SF
$55.16
Lot Size
8.09 acres
Year Built
1976

Investment Overview

Marcus & Millichap is pleased to present this 8-tenant retail center located in Alexander City, AL known as Mill Square Shopping Center. This 87,198 square foot regional shopping center sits on 8.09 acres and is anchored by Tractor Supply and Renfroes Grocery Store.

This regional shopping center was built in 1976, remodeled in 1989, roofs have all been replaced recently (most recently in 2021). The property consists of a single parcel and is currently 100% occupied. All tenants are on staggered leases and most pay their proportionate share of CAM, taxes and insurance. There are approximately 451 parking spaces with three points of ingress and egress from the property.

Investment Highlights

  • Tractor Supply Anchored
  • Grocery Anchored
  • Signalized Corner
  • New TPO Roof 2021
  • 100% Occupied

Exclusively Listed By

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $4,810,000

Cap Rate
8.25%
Gross SF
87,198
Rentable SF
87,198
Price/Gross SF
$55.16
Lot Size
8.09 acres
Year Built
1976

Investment Highlights

  • Tractor Supply Anchored
  • Grocery Anchored
  • Signalized Corner
  • New TPO Roof 2021
  • 100% Occupied

Investment Overview

Marcus & Millichap is pleased to present this 8-tenant retail center located in Alexander City, AL known as Mill Square Shopping Center. This 87,198 square foot regional shopping center sits on 8.09 acres and is anchored by Tractor Supply and Renfroes Grocery Store.

This regional shopping center was built in 1976, remodeled in 1989, roofs have all been replaced recently (most recently in 2021). The property consists of a single parcel and is currently 100% occupied. All tenants are on staggered leases and most pay their proportionate share of CAM, taxes and insurance. There are approximately 451 parking spaces with three points of ingress and egress from the property.

Exclusively Listed By

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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