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Shopping Neighborhood

Shoppes at Taylor Crossing

987 AL-203, Elba, AL 36323

Listing Price: $1,500,000

Cap Rate
8.71%
Rentable SF
27,500
Lot Size
4.29 acres
Year Built
1999

Investment Overview

Shoppes at Taylor Crossing is a 100% occupied shopping center consisting of two buildings totaling 27,500 SF. The center has enjoyed high occupancy since it was built and many of the tenants have long history in the property. Many of the rents are low or below market which gives an opportunity to grow them over time. There have been many recent repairs done including the parking lot, roof, and HVAC's which gives a new owner little deferred maintenance to be concerned with. There are a great mix of tenants including local and regional having multiple locations, with a few national tenants as well. The property includes vacant developable land in the back which could fit a third building, either another strip center or a single tenant retailer.

Investment Highlights

  • 100% Occupied | Two-Building 27,5000 SF Shopping Center
  • Low Price/SF | Excess Developable Land Included
  • Long Tenant History | Below Market Rents
  • Great Tenant Mix | Recent Lease Renewals
  • Low Deferred Maintenance | Recent Property Repairs and Updates

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Neighborhood

Shoppes at Taylor Crossing

Listing Price: $1,500,000

Cap Rate
8.71%
Rentable SF
27,500
Lot Size
4.29 acres
Year Built
1999

Investment Highlights

  • 100% Occupied | Two-Building 27,5000 SF Shopping Center
  • Low Price/SF | Excess Developable Land Included
  • Long Tenant History | Below Market Rents
  • Great Tenant Mix | Recent Lease Renewals
  • Low Deferred Maintenance | Recent Property Repairs and Updates

Investment Overview

Shoppes at Taylor Crossing is a 100% occupied shopping center consisting of two buildings totaling 27,500 SF. The center has enjoyed high occupancy since it was built and many of the tenants have long history in the property. Many of the rents are low or below market which gives an opportunity to grow them over time. There have been many recent repairs done including the parking lot, roof, and HVAC's which gives a new owner little deferred maintenance to be concerned with. There are a great mix of tenants including local and regional having multiple locations, with a few national tenants as well. The property includes vacant developable land in the back which could fit a third building, either another strip center or a single tenant retailer.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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