1400 Highway 14 - Retail FOR SALE


Millbrook, AL 36054
$15,985,000 USD
248-688-0631
1400 Highway 14, Millbrook, AL for Sale
$15,985,000 USD
Retail - FOR SALE
1/9
null | 5.75% Cap Rate

1400 Highway 14
Millbrook, AL 36054


HIGHLIGHTS

  • Publix Anchored Center | Newly Signed, Long-Term Leases | 100% Occupied | Brand New Construction | Drive-Thru Equipped
  • Dense Retail Trade Area | Major Surrounding Shopping Centers
  • Located Along State Highway 14 | Centralized Location
  • Direct Residential Consumer Base | Demographics in 5-Mile Trade Area

OVERVIEW

Grandview Plaza is strategically located along State Highway 14 with clear visibility and access to an average of 33,200 vehicles passing daily. The property also benefits from nearby access onto Interstate 65 (45,600 VPD) and U.S. Highway 31 (21,200 VPD), making it a centralized location with easy access. The property is ideally situated within a dense retail trade area and is adjacent to a Walmart-anchored center. The additional surrounding shopping centers include Prattville Towne Center (384K+ SF), High Point Town Center (651K+ SF), The Exchange at HomePlace (252K+ SF), Premiere Place (428K+ SF), and others. The nearby tenants include ALDI, Harbor Freight, Lowe’s, Home Depot, Target, Bass Pro Shops, AutoZone, and many others. The strong national tenant presence drives a steady stream of loyal, local consumers to the area, promoting crossover exposure and contributing to the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Village at Mill Creek (56 units), The Point at Fairview (192 units), Grandview Pointe at Millbrook (240 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 58,800 residents and 17,600 daytime employees, with a healthy average household income of $94,005.

FOR SALE DETAILS

PRICE

$15,985,000 USD

PRICE/SF

$303 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Grandview Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Restaurant, Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

290

LAND DETAILS

LAND ACRES

12.21 AC

LAND SF

531,868 SF

ZONING

FAR

APN/PARCEL ID

15093100020110140

ASK ABOUT THIS PROPERTY

Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

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Frank RogersSRS Real Estate PartnersMore Info
248-688-0631

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.