505 Hwy 80 West - Storefront FOR SALE


Demopolis, AL 36732
$4,295,000 USD
404-806-2408
505 Hwy 80 West, Demopolis, AL for Sale
$4,295,000 USD
Storefront - FOR SALE
1/3
null | 8.75% Cap Rate

505 Hwy 80 West
Demopolis, AL 36732


HIGHLIGHTS

  • NATIONAL TENANTS WITH MINIMAL NEAR-TERM EXPIRATIONS
  • PRICED WELL-BELOW REPLACEMENT COST WITH LOW INPLACE RENTS
  • DOMINANT PROPERTY FUNDAMENTALS

OVERVIEW

As exclusive broker, Newmark is pleased to present for sale Demopolis Towne Center, a 65,369 square foot community shopping center located in Demopolis, Alabama. 100% of the subject property’s GLA is leased to national or regional tenants including Goodwill, Farmers Home Furniture, Citi Trends, DaVita Dialysis and others. Demopolis Towne Center is located less than ½ mile east of a dominant Walmart Supercenter, ¼ mile from Whitfield Memorial Hospital and adjacent to Demopolis High School – three of the city’s primary economic drivers. Strategically positioned along U.S. Highway 80, the property features excellent access and high daily traffic counts exceeding 17,000 VPD. Combined with the center’s national tenant line-up and excellent fundamentals, Demopolis Towne Center is poised to provide investors with a robust cash flow for years to come.

FOR SALE DETAILS

PRICE

$4,295,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

8.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Demopolis Towne Center

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

280

LAND DETAILS

LAND ACRES

10.13 AC

LAND SF

441,263 SF

ZONING

B-4

APN/PARCEL ID

480207253008012.002

ASK ABOUT THIS PROPERTY

Sam MurphyNewmarkMore Info
404-806-2408

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Sam MurphyNewmarkMore Info
404-806-2408

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