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31291214
31291215

1400 AL-14, Millbrook, AL 36054

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MC
MI 6501369793
SRS Real Estate Partners Newport Beach
FR
MI 6502417063
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach
$15,985,000
66 days on market
Updated 66 days ago

Grandview Plaza

Details
APN 15093100020110140
Property Type Retail
Sub Type Grocery Store, Shopping Center (+1)
Square Footage 52,791
Cap Rate 5.75%
NOI $919,135
Occupancy 100%
Tenancy Multi
Brand/Tenant Publix
Price per SqFt $303
Year Built 2024
Stories 1
Acreage 12.210
Zoning Forestry Agricultural and Recreation
Parking Spaces 290 spaces
Parking Per SqFt 5.49
Investment Type Net Lease
Ownership Fee Simple

Brand New Construction | New Extensive Lease Terms | Dense Retail Trade Area

Marketing description

Grandview Plaza is strategically located along State Highway 14 with clear visibility and access to an average of 33,200 vehicles passing daily. The property also benefits from nearby access onto Interstate 65 (45,600 VPD) and U.S. Highway 31 (21,200 VPD), making it a centralized location with easy access. The property is ideally situated within a dense retail trade area and is adjacent to a Walmart-anchored center. The additional surrounding shopping centers include Prattville Towne Center (384K+ SF), High Point Town Center (651K+ SF), The Exchange at HomePlace (252K+ SF), Premiere Place (428K+ SF), and others. The nearby tenants include ALDI, Harbor Freight, Lowe’s, Home Depot, Target, Bass Pro Shops, AutoZone, and many others. The strong national tenant presence drives a steady stream of loyal, local consumers to the area, promoting crossover exposure and contributing to the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Village at Mill Creek (56 units), The Point at Fairview (192 units), Grandview Pointe at Millbrook (240 units), and others, providing a direct residential consumer base. The

5-mile trade area is supported by over 58,800 residents and 17,600 daytime employees, with a healthy average household income of $94,005.

Investment highlights

  • Publix Anchored Center | Newly Signed, Long-Term Leases | 100% Occupied | Brand New Construction | Drive-Thru Equipped
  • Dense Retail Trade Area | Major Surrounding Shopping Centers
  • Located Along State Highway 14 | Centralized Location
  • Direct Residential Consumer Base |Demographics in 5-Mile Trade Area

Listing Contacts

MM
CA 01732226
SRS Real Estate Partners Newport Beach
PL
CA 01912215, NV S.0169792 (+1)
SRS Real Estate Partners Newport Beach
MC
MI 6501369793
SRS Real Estate Partners Newport Beach
FR
MI 6502417063
SRS Real Estate Partners Newport Beach
Listed by SRS Real Estate Partners Newport Beach

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$919,135.00
$76,594.58/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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