3451-3459 Main Street - Supermarket FOR SALE
Millbrook, AL 36054 |
$1,650,000 USD
754-752-6533
3451-3459 Main Street
Millbrook, AL 36054
HIGHLIGHTS
- The Sale Offering Consists of a Strip Center With 4 Tenants as Well as a Single-Tenant HVAC Building, All Sharing a Parcel
- AirNow Has Been Serving Homeowners in Montgomery, Millbrook, and Prattville For Over 30 Years
- The Tenants in the Strip Center are All on Month-to-Month Leases With Below-Market Rents, Allowing For Potential Upside
- The Property Also Includes a +/- 20K Sq Ft Developable Outparcel
- Millbrook is a Growing Suburb of the Montgomery MSA, One of the 50 Largest in the U.S.
- AirNow is a Corporate Backed Lease With Southern HVAC
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 18,000 SF Millbrook Plaza Located at 3451-3459 Main Street in Millbrook, AL. This Deal Consists of Three Buildings With 4 Tenants in a Retail Strip and Anchored By AirNow, Which Has Been at the Site For 20 Years. Additionally, the Other Strip Center Tenants Are on Month-to-Month Leases and Are All Below Market Rents, Providing For a Strong Value-Add Opportunity.
BoR: Andrew Ackerman - Lic. AL #1089690
FOR SALE DETAILS
PRICE
$1,650,000 USD
PRICE/SF
$92 USD /SF
CAP RATE
8.55%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Millbrook Plaza - Millbrook, AL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Supermarket
ADD'L SUBTYPES
Storefront, Storefront Retail/Office, Department Store
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2000
SPRINKLERS
-
PARKING SPACES
38
LAND DETAILS
LAND ACRES
3.97 AC
LAND SF
172,991 SF
ZONING
B-3
APN/PARCEL ID
26-02-04-4-001-005000-0
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754-752-6533
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754-752-6533
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