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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


Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:2005
Building Size:43,040 SF Land Area:3.24 AC (141,134 SF)
For Sale Price:$4,200,000 Price/SF:$97.58
Cap Rate:8.22 %
Parking:Free Surface spaces are available; Ratio of 6.97/1,000 SF Anchor Tenants:Dollar Tree
Features:Pylon Sign


Across from Gadsden's First Wal-Mart Supercenter.

Sale Notes:
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.

Marcus & Millichap Inc
Zach Taylor
(678) 808-2700 x2780




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