Southeast Grocery-Anchored Portfolio
IGA Marketplace & Briarcliff Square | Grocery Portfolio | AL & TN
Marketing description
This two-property grocery-anchored portfolio presents a rare opportunity to acquire stable, necessity-based retail assets in growing Southeast markets. Anchored by IGA Marketplace in Bridgeport, Alabama (37,608 SF on 3.75 acres) and Briarcliff Square in Oak Ridge, Tennessee (52,646 SF on 4.82 acres), the portfolio totals over 90,000 SF with a combined 96% occupancy. Both centers benefit from long-standing grocery tenancy, strong parking ratios (108 and 192 spaces respectively), and recent capital upgrades, creating a reliable income stream with a pro forma NOI of $416,356. This offering delivers immediate scale, geographic diversity, and durable cash flow backed by essential retailers serving established trade areas.
Investment highlights
This two-property Southeast grocery-anchored portfolio combines durable cash flow with strong upside potential. Anchored by IGA Marketplace in Bridgeport, AL and Briarcliff Square in Oak Ridge, TN, the centers feature necessity-based tenants, high occupancy, and pricing well below replacement cost. Both properties benefit from strategic locations near major economic drivers, limited grocery competition, and immediate or long-term lease-up opportunities—positioning the portfolio for stable income and future growth.
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