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4949 - 4977 Mobile Highway - Sierra Heritage Shopping Center, Montgomery, AL

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DetailMap
4949 - 4977 Mobile Highway - Sierra Heritage Shopping Center

Montgomery, AL 36108-5129 - South Montgomery Submarket

(3.9 MB)

Property Type:Retail Sub Type:- Status:Existing Year Built:2004
Building Size:19,800 SF Land Area:1.32 AC (57,499 SF)
% Leased:
For Sale Price:$1,100,403 Price/SF:$55.58
Cap Rate:7.20 %
Smallest Space:2,000 SF Largest Space:8,500 SF Total Space Avail:15,000 SF Rent/SF/Yr:
$12.00
Parking:Free Surface spaces are available; Ratio of 2.27/1,000 SF
Features:Atrium, Pylon Sign


Space Available:
Floor
SF Avail
Rent
Occupancy
Lease Term
Space Use
 1st
8,500 SF
$12.00/SF/Yr
01/2019
Negotiable
Retail
 1st
2,000 SF
$12.00/SF/Yr
30 Days
Negotiable
Retail
 1st
4,500 SF
$12.00/SF/Yr
Vacant
Negotiable
Retail
 
11709770
11709768
8806475
Marketing Flyer Marketing Flyer  
Space Notes Space Notes  


Floor
SF Avail
Rent/SF/Yr
Occupancy
Lease Term
Space Use
1st
8,500 SF
$12.00/SF/Yr
01/2019
Negotiable
Retail
1st
2,000 SF
$12.00/SF/Yr
30 Days
Negotiable
Retail
1st
4,500 SF
$12.00/SF/Yr
Vacant
Negotiable
Retail
Highly visible retail strip center. Excellent for service based retail or specialty business.

Sale Notes:
For sale is the 100% fee-simple interest in the Dollar General(NYSE: DG) anchored Heritage Place Shopping Center in Montgomery, Alabama. The Dollar General lease is corporately guaranteed by Dolgencorp Inc., an investment grade corporation (S&P: BBB-), who has been in the property for over 13 years. Other tenants include I Communication LLC and Highlex Distribution LLC. The property is currently 67% leased and is offered for sale based on existing rent only, providing the new owner with incredible upside. This Dollar General anchored property contains 19,800 square feet of well-positioned retail space prominently located on U.S. 31 (19,280 VPD), just south of U.S. 80 and west of Interstate 65. The property is situated to serve not only the surrounding neighborhoods, but also regionally because of its proximity to three major highways and the Montgomery Regional Airport. U.S 31 is a main business corridor in Montgomery, with Hyundai Motor Manufacturing Alabama located within 2 miles of the property. It is surrounded by other national and regional retailers including CVS, Dollar Tree, Church' s Chicken, Regions Bank, Advance Auto Parts, Big Lots Distribution Center, and many more.
Montgomery is the state capital of Alabama and has a population of over 205,000 people which makes it the second largest city in the state next to Birmingham. Montgomery is the county seat of Montgomery County and home to many Alabama government agencies as well as three public universities, two private universities, Maxwell Air Force Base, and large companies such as Hyundai Motor Manufacturing Alabama, Baptist Health, Alfa Insurance, Jackson Hospital & Clinic, Rheem Water Heaters, and Regions Financial Corporation. The abundant tourism in the city is continuous with attractions such as the Alabama State Capitol, the Civil Rights Memorial, multiple museums, the Montgomery Zoo, planetarium, Old Alabama Town, and many more Montgomery attractions.

Goodman Real Estate Services Group LLC
Kyle Hartung
(216) 342-9305

Jeff Sabo
(216) 381-8200 x228


Moore Company Realty, Inc.
Gene Cody, CCIM
(334) 386-2441



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