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Shopping Neighborhood

Winfield Marketplace

2365 US Highway 43, Winfield, AL 35594

Listing Price: $1,700,000

Cap Rate
9.15%
Gross SF
42,050
Rentable SF
42,050
Price/Gross SF
$40.43
Lot Size
7.30 acres
Year Built
1981

Investment Overview

Marcus & Millichap is pleased to present this 42,050 sf shopping center anchored by Investment Grade Dollar Tree (S&P AA) and located in Winfield Alabama, the second largest city in the Marion County. The property runs parallel to a major highway (SR 43) and is part of the Designated Market Area (DMA) of Birmingham, Alabama. With excellent ingress, egress and visibility, over half its GLA is occupied by national or regional tenants; Factory Connection, Hibbett, and Anytime Fitness.

The average rents for the subject center are $4.52/sf in a market where rents are averaging closer to $8.17/sf and there is little to no retail vacancy in the immediate area. The property rests on 7.3 acres providing opportunity for expansion if needed. Other national retailers in the market include Sonic, Little Caesars, Taco Bell, AT&T, McDonalds, AutoZone, Pizza Hut and more.

Investment Highlights

  • 42,050 SF Shopping Center Anchored by Investment Grade Dollar Tree(S&PAA)
  • Parallel toSR-43and part of the Designated Market Area of Birmingham
  • Low price per square foot Purchase Price at $40/sf
  • High Cap Rate of 9.15% on Actual-after deductions for Vacancy, Mgnt & Reserves
  • Below Market Rents
  • Additional Land Available for Development

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Neighborhood

Winfield Marketplace

Listing Price: $1,700,000

Cap Rate
9.15%
Gross SF
42,050
Rentable SF
42,050
Price/Gross SF
$40.43
Lot Size
7.30 acres
Year Built
1981

Investment Highlights

  • 42,050 SF Shopping Center Anchored by Investment Grade Dollar Tree(S&PAA)
  • Parallel toSR-43and part of the Designated Market Area of Birmingham
  • Low price per square foot Purchase Price at $40/sf
  • High Cap Rate of 9.15% on Actual-after deductions for Vacancy, Mgnt & Reserves
  • Below Market Rents
  • Additional Land Available for Development

Investment Overview

Marcus & Millichap is pleased to present this 42,050 sf shopping center anchored by Investment Grade Dollar Tree (S&P AA) and located in Winfield Alabama, the second largest city in the Marion County. The property runs parallel to a major highway (SR 43) and is part of the Designated Market Area (DMA) of Birmingham, Alabama. With excellent ingress, egress and visibility, over half its GLA is occupied by national or regional tenants; Factory Connection, Hibbett, and Anytime Fitness.

The average rents for the subject center are $4.52/sf in a market where rents are averaging closer to $8.17/sf and there is little to no retail vacancy in the immediate area. The property rests on 7.3 acres providing opportunity for expansion if needed. Other national retailers in the market include Sonic, Little Caesars, Taco Bell, AT&T, McDonalds, AutoZone, Pizza Hut and more.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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