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2044 US Highway 431 - Boaz Shopping Center - Corona Center, Boaz, AL

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2044 US Highway 431 - Boaz Shopping Center - Corona Center

Boaz, AL 35957


Property Type:Retail Sub Type:- Status:Existing Year Built:2006
Building Size:13,500 SF Land Area:1.7 AC (74,052 SF)
Smallest Space:1,300 SF Largest Space:4,000 SF Total Space Avail:4,000 SF Rent/SF/Yr:
$12.00
Parking:Free Surface spaces
Features:Pylon Sign


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
1,300 SF-4,000 SF
$12.00/SF/Yr
Vacant
Negotiable
Retail
 
10819482
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
1,300 SF-4,000 SF
$12.00/SF/Yr
Vacant
Negotiable
Retail
Center serves all of Marshall County. US Highway 431 has high local traffic. Center offers competitive terms, ample parking, and good visibility. It is adjacent to Wal-Mart Supercenter.

Sale Notes:
Corona Center, built in 2006 and on 1.7 +/- acres, is currently 100% leased to four tenants; Workout Anytime (new Lease), New China Buffet (signed 2006), Little Caesars (signed 2008), and Miss Shoe (signed 2010). All of the tenants reimburse for CAM, taxes, insurance, and New China and Miss Shoe also reimburse for management. The average rent/sf between the four tenants is approximately $10/sf and at the asking price of $1.4M, this equates to $103/sf and a current 9.0% CAP rate.


Real Estate Southeast, LLC
Louise Jennings
(866) 283-5516



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