Listed by Cushman & Wakefield - Atlanta, Georgia
Unpriced
Merry Corners at Pike Road
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 28,690
Occupancy 95%
Tenancy Multi
Rent Bumps Yes
Class A
Year Built 2025
Acreage 8.170
Zoning Flood Zone X
Parking Spaces 204 spaces
Parking Per SqFt 7.11
Investment Type Core+
Ground Lease No
Newly Constructed Unanchored Retail Opportunity | Pike Road AL | $133K Avg HHI
Marketing description
Cushman & Wakefield’s Retail Advisory Group is pleased to offer for sale Merry Corners at Pike Road, a newly constructed unanchored shopping center serving the growing and affluent Pike
Road suburb of Montgomery. A new owner will benefit from the durable cash flow from a synergistic tenant mix with sustainable in-place rents at a best-in-class newly developed shopping center.
Construction was completed in January 2026 with most tenants open. The remaining tenants are estimated to open between May-June 2026. Seller will provide a credit at closing for any outstanding tenant improvement allowances, leasing commissions and gap rent.
For more information and to see the OM please see our website at: www.merrycornersatpikeroad.com
Investment highlights
- Strategic Location Serving Affluent, Growing and Educated Trade Area
- High Volume Publix Located Directly Across Vaughn Road
- High Quality, Brand New Construction with Minimal Cap Ex Requirements
- Ideal Merchandising Mix Including Food & Beverage, Medical and Service
- Durable Income Stream From New, Long-Term Leases
- Attractive 5 Yr CAGR of 2.83% Driven by Contractual Rent Bumps and the Lease Up of the Final Suite
- 95% Leased Prior to Completion, Demonstrating Strong Tenant Demand for the Location
Listing Contacts
Listed by Cushman & Wakefield - Atlanta, Georgia
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$--
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Is there information that looks off?
