Brewton Shopping Center | 2550-2580 Douglas Ave
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Brewton Shopping Center 2550-2580 Douglas Ave
30,027 SF 93% Leased Retail Building Brewton, AL 36426 £3,607,396 (£120/SF) 8.38% Net Initial Yield
Investment Highlights
- 30,027-Square-Foot, Multi-Tenant Retail Center | Shadow-Anchored by Walmart Supercenter
- Strong Tenant Lineup Anchored by Dollar Tree | 84% of the Gross Leasable Area has National or Regional Credit Tenants
- 100% Leased | 100% of the Gross Leasable Area has Triple-Net Leases
Executive Summary
Marcus & Millichap is pleased to present the opportunity to acquire a 30,007-square-foot, multi-tenant retail center located in Brewton, Alabama. Brewton Shopping Center is currently 100 percent leased, and 100 percent of the leases are triple-net leases. The center is comprised of two multi-tenant buildings: a 26,720-square-foot building featuring Dollar Tree, Amedisys Home Health Care, Hibbett Sports, CATO, New World Nails, 1st Franklin Financial, and ALFA Insurance; and a 3,307-square-foot building leased to AT&T, World Finance, and Vape City. The subject property is comprised of two land parcels totaling 6.02 acres and has ample paved parking and highly visible double-sided pylon signage that provides additional exposure to the center.
Shadow-anchored by Walmart Supercenter, Brewton Shopping Center is located on Douglas Avenue/US-31, a major north-south thoroughfare in the city. Traffic counts in front of the property exceed 13,000 vehicles per day. The subject property is shadow-anchored by Walmart Supercenter and near other national and regional retailers including Whataburger, Murphy Express, Tom Thumb, Taco Bell, Sonic Drive-In, Roses Express, Dirt Cheap, Verizon, Subway, Walgreens, Tractor Supply Co., Dollar General, Aaron’s Furniture Store, Sherwin-Williams, and many more. Brewton Center is also near Dogwood Hills Golf Course and T.R. Miller High School providing additional traffic to the area.
Shadow-anchored by Walmart Supercenter, Brewton Shopping Center is located on Douglas Avenue/US-31, a major north-south thoroughfare in the city. Traffic counts in front of the property exceed 13,000 vehicles per day. The subject property is shadow-anchored by Walmart Supercenter and near other national and regional retailers including Whataburger, Murphy Express, Tom Thumb, Taco Bell, Sonic Drive-In, Roses Express, Dirt Cheap, Verizon, Subway, Walgreens, Tractor Supply Co., Dollar General, Aaron’s Furniture Store, Sherwin-Williams, and many more. Brewton Center is also near Dogwood Hills Golf Course and T.R. Miller High School providing additional traffic to the area.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
30,027 SF
Building Class
C
Year Built
2009
Price
£3,607,396
Price Per SF
£120
Net Initial Yield
8.38%
NOI
£302,300
Percent Leased
93%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.14
Land Acres
4.82 AC
Zoning
Commercial - Commercial
Parking
131 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
50 ft on Belleville ave
PROPERTY TAXES
| Parcel Number | 15-02-09-3-001-005.000 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £506,286 |
PROPERTY TAXES
Parcel Number
15-02-09-3-001-005.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£506,286
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Philip Levy -
Marcus & Millichap
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Brewton Shopping Center | 2550-2580 Douglas Ave
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