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1906 Glenn Boulevard SW - Fort Payne Crossings, Fort Payne, AL

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1906 Glenn Boulevard SW - Fort Payne Crossings

Fort Payne, AL 35968

Property Type:Retail Sub Type:Storefront Retail/Office Status:Existing Year Built:2000
Building Size:27,540 SF Land Area:2.7 AC (117,612 SF)
For Sale Price:$4,640,000 Price/SF:$168.48
Cap Rate:8.50 %
Features:Banking, Out Parcel, Pylon Sign, Signage, Signalized Intersection, Drive Thru

Sale Notes:
-100% Occupied Center with Attractive 8.50% CAP, Shadow Anchored by Walmart Supercenter, Adjacent to Lowe’s and Across From Burke’s Outlet Anchored Center
-Increased Foot Traffic with New Chick-fil-A Outparcel and Shared Signalized Entrance with Glenn Crossing and Walmart Supercenter
-Mostly NNN Leases & Nearly 65% of the Center Leased to 2022 and Beyond
-Excellent Leasing Traction: Consistent Inquiries to Landlord Requesting Space From Credit National Retailers
-Diverse Mix of Tenants Offering Recession Proof Retailers As Well As Alternative Retail/Medical Users, Providing Long-Term Stability: Nationally Recognized Sally Beauty (NYSE: SBH/S&P “BB+”/Moody’s “Ba2”), GameStop (NYSE: GME/S&P “BB”/Moody’s “Ba1”), Advance America and CATO (NYSE: CATO)
-Newly Executed Leases, Lease Renewals and Tenured Tenants Proving Commitment and Desire to be Located at the Center and Market
-High Visibility and Great Accessibility Off Main Roadway (16,500 VPD) and Convenient Highway Access (I-59, 19,000 VPD): Attractive, Contemporary Curb Appeal, Prominent Pylon Signage and Ample Parking
-Main Retail Corridor Surrounded by Complimentary Retailers: Walmart Supercenter, Lowe’s, Burke Outlet, Hibbett Sporting Goods, Holiday Inn Express, Waffle House, Zaxby’s, Cracker Barrel and Verizon Wireless
-Direct Vicinity to Major Employers: Ferguson Enterprises, PlayCore’s Southern Fulfillment Center, Siemens Energy Service’s Electrical Components Plant, One of Vulcraft’s Seven Manufacturing Facilities, The Children’s Place Retail Stores, Inc. Distribution Center (200+ Employees), Heil Environmental Manufacturing Plant (Headquartered in Chattanooga) and Dekalb Regional Medical Center (0.6 Miles, Full-Service, 134-Bed Facility)

Cooper Commercial Investment Group
Dan Cooper
(216) 562-1981 x12

Bob Havasi
(216) 562-1981 x10

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