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505 Hwy 80 West - Demopolis Towne Center - Demopolis Towne Center, Demopolis, AL

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505 Hwy 80 West - Demopolis Towne Center - Demopolis Towne Center

Demopolis, AL 36732

(559.1 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1996
Building Size:65,000 SF Land Area:10.13 AC (441,263 SF)
For Sale Price:$4,300,000 Price/SF:$66.15
Cap Rate:7.90 %
Parking:Free Surface spaces are available; Ratio of 5.6/1,000 SF Anchor Tenants:Citi Trends, Peebles

Demopolis Towne Center is an attractive neighborhood retail center located on US Hwy 80W, approximately 120 miles from Birmingham and 100 miles from Montgomery. It is one of the nicest centers in the region. Located near the new super Wal-Mart, Holiday Inn Express, and regional hospital, Demopolis Towne Center fills the retail gap for shoppers who would otherwise drive to Birmingham, Montgomery or Tuscaloosa. Quality tenants including Fred's, Peebles, CitiTrends & Hibbetts.

Demopolis Town Center offers the investor a unique opportunity to acquire a retail asset with national credit tenants and an excellent debt facility all in the heart of an exciting market serving as the regional hub for west-central Alabama.

Investors will have the opportunity to earn an existing 14% cash-on-cash return and the opportunity to increase their cash-on-cash return by taking advantage of the 24% vacancy upside and filling the existing vacant space.

Sale Notes:
Demopolis Towne Center is well positioned serving over 45,000 consumers in a captive trade market located on Hwy. 80 between Selma, AL and Meridian, MS. The property was formerly a Wal-Mart and was redeveloped and expanded in 2006. Anchors include: Fred's, Goody's CitiTrends, Hibbett and Davita. The property offers great visibility and access, and is ½ mile east of the new Wal-Mart Supercenter. Demopolis, AL employers include: Borden Chemical Company and Gulf States Paper.

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

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