612 Glover - Distribution FOR SALE


Enterprise, AL 36330
$1,704,041 USD
847-562-8500
612 Glover, Enterprise, AL for Sale
$1,704,041 USD
Distribution - FOR SALE
1/8
null | 7.25% Cap Rate

612 Glover
Enterprise, AL 36330


HIGHLIGHTS

  • Investment grade rated (BBB) by Standard & Poor’s
  • Flowers Foods is a publicly traded company (NYSE: FLO) & the 2nd largest bakery in the country with 17% market share
  • Flowers Foods brands include Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Simple Mills, Wonder Bread, & Tastykake
  • Positioned within the Dothan MSA
  • 2020 construction - Sophisticated integral distribution facility
  • Over 7 years remain on the primary lease term

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Flowers Foods located in Enterprise, Alabama, within the Dothan MSA. The property was built for Flowers Foods in 2020 where they signed a long-term lease through February 2033. The lease features 6% rental escalations every ?ve years in the primary term and 2% annual escalations in the two 5-year renewal options. Flower Foods is a publicly traded company (NYSE: FLO) with 47 bakeries across the United States. They hold an investment grade rating (BBB) by Standard & Poor’s. The subject location functions not only as a retail store, but as a distribution hub as well. Flowers Foods, the second-largest bakery in the country with a commanding 17% market share, operates this sophisticated integral distribution facility that serves as the central nexus of its expansive bakery footprint across the Southeast. Strategically positioned among its various production facilities, this hub efficiently consolidates products from iconic brands like Nature’s Own, Dave’s Killer Bread, Canyon Bakehouse, Simple Mills, Wonder Bread, and Tastykake. From here, goods are seamlessly staged and distributed through an independent partner network, ensuring fresh delivery to end consumers. With a scale over three times larger than Pepperidge Farm and trailing only the global giant Bimbo, Flowers Foods leverages this facility to power its robust business strategy, solidifying its dominance in the competitive bakery industry. The 6,747 square-foot building is strategically positioned on Glover Avenue, which sees 8,900 vehicles daily. Its proximity to Boll Weevil Circle, with over 33,600 vehicles per day, enhances its accessibility as the circle serves as a major thoroughfare around Enterprise and connects to all major routes out of the city. There are over 38,000 people living within a ?ve-mile radius. Those of which earn an average household income exceeding $84,000. The property is just minutes from national retailers including Walmart Supercenter, ALDI, Publix, CVS, Hobby Lobby, McDonald’s, Chick-?l-A, Wells Fargo, and many others.

FOR SALE DETAILS

PRICE

$1,704,041 USD

PRICE/SF

$260 USD /SF

CAP RATE

7.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Flowers Foods (NYSE: FLO)

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Distribution

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

UTILITIES

-

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.68

LAND SF

116,741

ZONING

-

APN/PARCEL ID

16-05-16-4-001-001.011

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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