3451-3459 Main Street - Supermarket FOR SALE
Millbrook, AL 36054 |
$1,750,000 USD
754-752-6533
3451-3459 Main Street
Millbrook, AL 36054
HIGHLIGHTS
- The Sale Offering Consists of a Strip Center With 5 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 5 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
$1,750,000 USD
PRICE/SF
$97 USD /SF
CAP RATE
7.95%
% 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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