5500 Mcclellan Blvd - Freestanding FOR SALE


Anniston, AL 36206
$4,908,135 USD
949-419-3286
5500 Mcclellan Blvd, Anniston, AL for Sale
$4,908,135 USD
Freestanding - FOR SALE
1/10
null | 6.78% Cap Rate

5500 Mcclellan Blvd
Anniston, AL 36206


HIGHLIGHTS

  • Shadow-Anchored by Walmart Supercenter | (2 MIL Annual Visitors and Has Been at this Location Since 1992).
  • Anchored by Tractor Supply Company | Profitable at This Location for Over 18 Years
  • 100% Occupied by National Retailers | Dollar Tree & CATO Just Recently Extended Their Lease Term
  • Below Market Rents | Average Rents at the Center are $7.36 PSF | Creating Leasing Upside
  • Priced Well Below Replacement Cost | $78.52 Per Square Foot
  • Offers Assumable Debt | 3.875% Interest Rate Due in 2033 | $2,041,000 Loan Balance

OVERVIEW

Marcus & Millichap is pleased to present the opportunity to acquire a fee simple interest in The Anniston Retail Center, a 62,506 square-foot, multi-tenant retail center in Anniston, AL. Positioned on a 5.65 Acre parcel, the property is fully stabilized with a strong mix of national retailers including Tractor Supply Co., NAPA Auto Parts, Cato, and Dollar Tree. Both Cato and Dollar Tree have recently extended their lease term, demonstrating long-term commitment to the location. The Anniston Retail Center is Shadow Anchored by a high performing 24-hour Walmart Supercenter, drawing consistent traffic to the immediate area. The property is strategically located along McClellan Blvd, Anniston’s main retail throughfare with over 29,000 VPD. The Center also benefits from proximity to Highway 431, which sees over 51,000 VPD at the intersection. The property also presents an attractive financing component, with the ability to assume the existing loan of $2,041,000 at a 3.875% fixed interest rate until February 2033. A compelling alternative to today’s elevated borrowing environment. Other Notable Retailers in the area include McDonalds, Taco Bell, Lowe’s, Aldi, Advance Auto Parts, AutoZone, Harbor Freight, and More.

FOR SALE DETAILS

PRICE

$4,908,135 USD

PRICE/SF

$84 USD /SF

CAP RATE

6.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tractor Supply Co

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Storefront Retail/Office, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1972

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.65 AC

LAND SF

246,114 SF

ZONING

-

APN/PARCEL ID

18-04-17-4-012-002.000

ASK ABOUT THIS PROPERTY

Justin AndreasianMarcus & MillichapMore Info
949-419-3286

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Justin AndreasianMarcus & MillichapMore Info
949-419-3286

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