4812 Highway 280 - Retail FOR SALE


Alexander City, AL 35010
$25,285,000 USD
770-624-0841
4812 Highway 280, Alexander City, AL for Sale
$25,285,000 USD
Retail - FOR SALE
1/3
null | 6.25% Cap Rate

4812 Highway 280
Alexander City, AL 35010


OVERVIEW

CLASS-A NEW CONSTRUCTION | PUBLIX-ANCHORED CENTER • 93,352 SF Publix-anchored shopping center, newly constructed and positioned in one of the Southeast’s most affluent second-home and vacation markets • 94% of GLA is leased to strong regional & credit-rated national tenants, providing stable, long-term income. The only local tenant expanded into additional space in 2025, underscoring the site’s strong performance • Serves a 65+ mile regional trade area with consistent economic activity, benefiting from Lake Martin’s $3.4 billion total economic impact, supporting 3,100+ jobs, and generating $89M+ in annual retail spending • Minimal grocery competition—only Aldi, Piggly Wiggly, and Walmart operate in the trade area—ensures Publix’s long-term dominance • Premier visibility and access at the intersection of Highway 280 (Birmingham–Columbus corridor) and Highway 63 (primary Lake Martin artery) • UPSIDE POTENTIAL — Four additional outparcels available as a separate purchase, offering flexibility and future value-add opportunities LAKE MARTIN | PREMIER SOUTHEASTERN VACATION DESTINATION • Recognized as one of the Southeast’s premier luxury lake markets, attracting affluent families from Birmingham, Montgomery, Auburn, Columbus, and Atlanta • Closest full-service grocery center to exclusive golf and lakefront communities, including Willow Point, Wicker Point, and The Heritage at Lake Martin • High barriers to entry—Publix faces only limited competition from Aldi, Piggly Wiggly, and Walmart, reinforcing tenant success and lease durability • Lakefront real estate remains exceptionally strong, with average home sales of $1.3M in 2023 and numerous estates selling above $5M TENANT SPOTLIGHT • Publix – Hand-selected this site as the premier grocery location for Lake Martin; operates 1,400+ stores across the Southeast; employee-owned; reported $59.7B in 2024 sales, a 33% increase since 2020, with no long-term debt • Marshalls (TJX, NYSE: TJX) – Fortune 100 off-price leader; generated $57.93B in revenue in 2024, up nearly 30% since 2020; operates 1,230+ U.S. stores, known for its high-traffic “treasure hunt” shopping experience • Starbucks (NASDAQ: SBUX) – World’s leading specialty coffee brand with 38,000+ stores globally; generated $36B in FY2024 revenue; top U.S. drive-thru coffee destination driving daily repeat traffic • Rack Room Shoes – National family footwear retailer with 500+ U.S. stores; owned by Deichmann Group, Europe’s largest shoe retailer ($8B+ annual revenue); sells large national brands like Nike, Adidas, and Crocs • Barberitos – Southeast-based fast-casual Mexican chain with 50+ locations; positioned within the $83B U.S. fast-casual dining sector; provides a daily-use dining option complementing Publix and Starbucks • Nail Salon (Local Operator) – Established local operator; part of the $60B U.S. nail & spa industry; expanded into adjacent space in 2025, underscoring strong sales and long-term commitment

FOR SALE DETAILS

PRICE

$25,285,000 USD

PRICE/SF

$271 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Gateway At Lake Martin | Alexander City

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

29.51 AC

LAND SF

1,285,456 SF

ZONING

-

APN/PARCEL ID

12-02-03-3-001-017.0000,12-02-03-3-001-021.0000,12-02-03-3-001-022.0010,12-02-10-2-001-002.0000,12-02-10-2-001-003.0000,12-02-10-2-001-004.0000

ASK ABOUT THIS PROPERTY

Eric AbbottMarcus & MillichapMore Info
770-624-0841

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Eric AbbottMarcus & MillichapMore Info
770-624-0841

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