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150 Lindberg Avenue - Atmore Corners, Atmore, AL

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150 Lindberg Avenue - Atmore Corners

Atmore, AL 36502-3206

Property Type:Retail Sub Type:- Status:Existing Year Built:1992
Building Size:11,200 SF Land Area:2.62 AC (114,127 SF)
For Sale Price:$1,030,000 Price/SF:$91.96
Cap Rate:9.01 %

Sale Notes:
Marcus & Millichap is pleased to present Atmore Corners, an 11,200-sf Strip Center with 100% National tenants on approximately 2.6 ± acres of land. The property includes two value add components; an undeveloped outparcel and adjacent land with the potential to more than double the existing square footage by an increase of 12,000sf. All of the tenants reimburse for CAM, taxes and insurance.

The subject property is an extension of a larger Shopping Center, and sits adjacent to Goody's, Citi Trends, Hibbett Sports and Marvin's. The subject tenants include Rent-A-Center (signed 2002), Cato's (signed 1993), and Subway (signed 1966) all with a long history at the current location. In fact, these tenants have been in place at Atmore Corners an average of 19 years.

The area includes a number of national retailers, several with new buildings. These retailers include Goody's, Fred's, Walgreens, Hibbett Sports, Dollar Tree, Dollar General, Advanced Auto, It's Fashion, Verizon, McDonald's, KFC, Arby's, Pizza Hut, Taco Bell and more.

Marcus & Millichap
Timothy Giambrone
(678) 808-2731 x2731

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