Monroeville Marketplace - images2.loopnet.com · NEW ORLEANS NEW MIAMI 41 e N 16,200 VPD Alabama...
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Monroeville Marketplace MONROEVILLE, ALABAMA Tony D’Ambrosio Senior Vice President | Retail Investment Sales DIRECT +1 404 574 1048 [email protected] Joseph R. Montgomery, III Senior Vice President | Retail Investment Sales DIRECT +1 404 574 1029 [email protected] SOUTHEAST RETAIL INVESTMENT SALES 3371 S Alabama Ave | Monroeville, AL 36460 Property Fundamentals: 38,200± Square Feet 6.2± Acre Site Built in 2012 97% occupied NOI: $373,550 Price: $4,650,000 Debt: Free & Clear www.colliersretailinvestment.com Investment Opportunity Available for Sale • SHADOW-ANCHORED BY WALMART SUPERCENTER serving a large trade area and consistently generating a high volume of consumer traffic – the average Supercenter parking lot receives 2,500 trips per day. Walmart is the largest retailer in the world. • WELL LOCATED on SR #21/41 with 16,000 VPD traffic count. • CONSISTENTLY HIGH OCCUPANCY currently 97% and featuring an established, stable tenant mix including both national and local tenants. • STRONG DEMOGRAPHICS with 16,000± population within a 10-mile radius, with average household income at $53,000±. • HIGH-QUALITY IMPROVEMENTS constructed in 2012 limits Landlord’s capex exposure. • CONSERVATIVE ECONOMICS with $10.80/SF average rent PSF and $122 price PSF.
Transcript of Monroeville Marketplace - images2.loopnet.com · NEW ORLEANS NEW MIAMI 41 e N 16,200 VPD Alabama...
Monroeville MarketplaceMONROEVILLE, ALABAMA
Tony D’AmbrosioSenior Vice President | Retail Investment SalesDIRECT +1 404 574 [email protected]
Joseph R. Montgomery, IIISenior Vice President | Retail Investment SalesDIRECT +1 404 574 [email protected]
SOUTHEAST RETAIL INVESTMENT SALES
3371 S Alabama Ave | Monroeville, AL 36460
Property Fundamentals:
38,200± Square Feet 6.2± Acre Site
Built in 2012 97% occupied
NOI: $373,550 Price: $4,650,000Debt: Free & Clear
www.colliersretailinvestment.com
Investment Opportunity Available for Sale
• SHADOW-ANCHORED BY WALMART SUPERCENTER serving a large trade area and consistently generating a high volume of consumer traffic – the average Supercenter parking lot receives 2,500 trips per day. Walmart is the largest retailer in the world.
• WELL LOCATED on SR #21/41 with 16,000 VPD traffic count.
• CONSISTENTLY HIGH OCCUPANCY currently 97% and featuring an established, stable tenant mix including both national and local tenants.
• STRONG DEMOGRAPHICS with 16,000± population within a 10-mile radius, with average household income at $53,000±.
• HIGH-QUALITY IMPROVEMENTS constructed in 2012 limits Landlord’s capex exposure.
• CONSERVATIVE ECONOMICS with $10.80/SF average rent PSF and $122 price PSF.
Monroeville Marketplace
Demographic Overview
FOR SALE | Monroeville Marketplace SOUTHEAST RETAIL INVESTMENT SALES TONY D’AMBROSIO JOE MONTGOMERY DIRECT: +1 404 574 1048 DIRECT: +1 404 574 1029 [email protected] [email protected]
3-MILE 5-MILE 10-MILE
POPULATION
2017 Est. Population 5,445 11,328 16,435
2022 Proj. Population 5,270 11,073 16,069
Median Age 42.9 41.5 41.6
HOUSEHOLDS
2017 Est. Households 2,224 4,360 6,338
2022 Proj. Households 2,190 4,332 6,291
3-MILE 5-MILE 10-MILE
2017 INCOME
Average HH Income $58,578 $55,355 $52,657
Median HH Income $43,402 $41,504 $39,475
Per Capital Income $24,093 $21,532 $20,465
EMPLOYMENT
# of Employees 3,966 6,039 6,835
# of Businesses 282 439 527
ATLANTA
MEMPHISMEMPHIS
BIRMINGHAMBIRMINGHAM
COLUMBIACOLUMBIA
JACKSONVILLEJACKSONVILLE
JACKSONJACKSONCOLUMBUSCOLUMBUS
CHATTANOOGACHATTANOOGA
ROMEROMEATHENSATHENS
MOBILEMOBILE
ROANOKEROANOKE
RALEIGHRALEIGH
TAMPATAMPA
NASHVILLENASHVILLE
CHARLOTTECHARLOTTE
NEW ORLEANSNEW ORLEANS
MIAMIMIAMI
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Alabama RiverCredit Union
