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954 Gilbert Ferry Road SE - Etowah Crossing Shopping Center - Etowah Crossing Shopping Center, Attalla, AL
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954 Gilbert Ferry Road SE - Etowah Crossing Shopping Center - Etowah Crossing Shopping Center
Attalla, AL 35954 - Etowah County Submarket
3.24 AC (141,134 SF)
For Sale Price:
Free Surface spaces are available; Ratio of 6.97/1,000 SF
Across from Gadsden's First Wal-Mart Supercenter.
WALMART SHADOW CENTER
The Subject property is a 43,000 SF Shadow Anchored Retail Center located across the street from a Walmart Supercenter. Walmart and the Retail Center were built in 2005 at an interstate location in the town of Gadsden, AL.
NATIONAL TENANTS WITH ATTRACTIVE LEASES
The center includes successful national tenants such as Dollar Tree, Verizon, Domino' s Pizza, and Check Into Cash. Nearly all tenants reimburse the landlord for their full prorata share of Taxes, Insurance, CAM, and Management.
ATTRACTIVE PRICING AND UPSIDE
The Property is 77% occupied and priced at a 8.45% CAP on Current Income. Leasing to 95% Occupancy at market rents increases the CAP to 10.68% and will yield a 20+% Levered Return.
CLICK HERE TO CONTACT THE SALES BROKER
FOR SALE CONTACTS
Marcus & Millichap Inc
(678) 808-2700 x2780
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