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28741284
28741285

5039 Old US Hwy 231, Wetumpka, AL 36092

GW
OK OK 131858, UT UT 5481029-PB00
Northmarq - Tulsa
Listed by Northmarq - Tulsa
$14,321,858
200 days on market
Updated 24 days ago

Publix

Details
Property Type Retail
Sub Type Grocery Store
Square Footage 48,387
Net Rentable (SqFt) 48,387
Cap Rate 5.65%
NOI $809,185
Tenancy Single
Brand/Tenant Publix
Lease Type NN
Lease Term 20
Lease Expiration 08/01/2044
Remaining Term 18.1
Rent Bumps No
Lease Options Eight (8) Five (5) Year Options
Year Built 2024
Buildings 1
Stories 1
Acreage 6.960
Investment Type Net Lease
Lease Commencement 08/01/2024
Ground Lease No
Ownership Fee Simple

2024 Build-to-Suit | Fee Simple | Rare Single-Tenant Publix

Marketing description

Northmarq is pleased to present to qualified investors the opportunity to acquire a fee-simple interest in a rare single-tenant, 2024 Build-To-Suit Publix supermarket located at 5039 U.S. Highway 231, Wetumpka, AL 36092 (the “Property”).

This offering features a build-to-suit Publix supermarket encompassing approximately 48,387-square-feet on ±6.96 acres. Completed in 2024, the Property showcases Publix's latest prototype design, delivering modern efficiencies and enhanced customer experience. Publix occupies the site under a 20-year net lease providing long-term income stability. The lease includes eight (8) five-year renewal options, ensuring potential occupancy for up to 60 years. Publix is the largest employee-owned grocery chain in the United States, with 2024 retail sales in excess of $59.7 billion and over 260,000 employees.

Wetumpka and surrounding communities attract people from Montgomery due to strong school systems and low crime. The property is perfectly positioned to capture affluent lake traffic traveling from Montgomery to Lake Martin, which is not captured in the demographics.

Investment highlights

  • RARE SINGLE-TENANT PUBLIX WITH 20-YEAR NET LEASE

  • STRONG DEMOGRAPHICS

  • STRATEGIC LOCATION IN MONTGOMERY MSA

  • 2024 CONSTRUCTION ON LARGE 7-ACRE PARCEL

Listing Contacts

GW
OK OK 131858, UT UT 5481029-PB00
Northmarq - Tulsa
Listed by Northmarq - Tulsa

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$809,185.00
$67,432.08/mo

Valuation Metrics

0
DSCR
5.65%
Cap Rate
5.65%
ROI

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