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7861 - 8061 EastChase Parkway - EastChase Market Center - EastChase Market Center, Montgomery, AL

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7861 - 8061 EastChase Parkway - EastChase Market Center - EastChase Market Center

Montgomery, AL 36117 - North Montgomery Submarket

(493.6 KB)

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2008
Building Size:175,056 SF Land Area:15.81 AC (688,657 SF)
For Sale Price:For Sale Price/SF:-
Cap Rate:-
Parking:Free Surface spaces are available; Ratio of 7.54/1,000 SF Anchor Tenants:Bed Bath & Beyond, Dicks Sporting Goods, Michaels, Old Navy
Features:Freeway Visibility, Pylon Sign, Signalized Intersection


EASTCHASE MARKET CENTER: Slated to open in 2007, this
513,688 square-foot power center will feature two anchor stores and
eight mid-box retailers.


Sale Notes:
JLL is pleased to exclusively offer for sale, East Chase Market Center ( Property ), a premier shopping destination located along the I-85 corridor in western Montgomery, AL. The Offering includes best-in-class anchor tenants Dick' s Sporting Goods, Jo-Ann Fabrics, Bed Bath & Beyond and Michael' s. The Property also benefits from an adjacent Costco shadow-anchor, which drives additional customer traffic. The remaining inline space includes three strong junior anchors, Old Navy, Shoe Station and ULTA Salon. Small shop tenancy is minimal and includes David' s Bridal, Bryson' s Fine Jewelry and one vacant suite. The Offering also includes one outparcel, which is ground leased to Red Robin. At 99% leased, the center offers investors a durable income stream generated by an excellent roster of national retailers.
The Property is perfectly positioned in a primary shopping destination along the highly trafficked I-85 corridor just 10 miles east of downtown Montgomery, the capital city of Alabama. Complementary surrounding retailers include The Home Depot, Wal-Mart, Target, Kohl' s, Academy Sports, Ross Dress for Less, PetSmart, Cost Plus World Market, Dillard' s, DSW, Books-A-Million, Carmike Cinemas and Stein Mart, creating critical mass which is well-supported by an affluent customer base with average household incomes exceeding $112,000. The surrounding area is a hotbed for new development, including a Whole Foods anchored shopping center, a 216-unit multi-family apartment complex and a 109-room Hilton Garden Inn all within minutes of the Property.

JLL
Emily Bakhaus
(404) 995-2253




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