701 E Main St - Supermarket FOR SALE


Prattville, AL 36067
$5,816,300 USD
770-855-8976
701 E Main St, Prattville, AL for Sale
$5,816,300 USD
Supermarket - FOR SALE
1/4
null | 6.75% Cap Rate

701 E Main St
Prattville, AL 36067


HIGHLIGHTS

  • Absolute NNN lease structure (no Landlord responsibilities)
  • New, 12-year lease extension
  • Newly remodeled store (former Winn-Dixie for 35+ years with strong sales)
  • Priced well-below replacement costs (~$95 per square foot)
  • Signalized intersection with 20,000+ vehicles per day along E Main Street
  • E Main Street is the primary retail corridor (Bass Pro Shop, Walmart, Target, HD, Lowe's, Kohl's, Ross, TJ Maxx, Belk, Hobby Lobby, Rural King)

OVERVIEW

Piggly Wiggly | Prattville, Alabama presents the opportunity to acquire a single-tenant grocery investment positioned along East Main Street, one of Prattville's primary commercial corridors. The property is occupied by Piggly Wiggly and benefits from a newly remodeled store and a recently executed 12-year lease extension, providing investors with long-term occupancy and contractual income stability. The asset is structured as an absolute NNN lease, minimizing landlord responsibilities and creating a passive ownership profile. The property is located within Midtown Shopping Center at the signalized intersection of East Main Street and U.S. Highway 31, a heavily traveled retail corridor serving Prattville and the surrounding Montgomery metropolitan area. The location is surrounded by major national retailers including Walmart, Target, Home Depot, Lowe's, Kohl's, Ross, TJ Maxx, Belk, Hobby Lobby, Bass Pro Shops, and Rural King, reinforcing the area's role as a regional shopping destination. The corridor's established retail concentration supports consistent consumer traffic and long-term tenant demand. Prattville is one of the Montgomery region's most established suburban communities, providing access to a growing residential base and workforce. The property's visibility, signalized access, and placement within a longstanding neighborhood shopping center contribute to its ongoing relevance as a grocery-anchored destination. Combined with recent renovations, long-term tenancy, and its location within a dominant retail trade area, the asset offers investors a stabilized retail investment supported by daily-needs consumer demand.

FOR SALE DETAILS

PRICE

$5,816,300 USD

PRICE/SF

$95 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Piggly Wiggly | Prattville, Alabama

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

ADD'L SUBTYPES

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

5.64 AC

LAND SF

245,678 SF

ZONING

-

APN/PARCEL ID

19-02-09-4-007-054-003-0

ASK ABOUT THIS PROPERTY

Collin CambasJohnny Blue Real Estate Services, LLCMore Info
770-855-8976

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

Collin CambasJohnny Blue Real Estate Services, LLCMore Info
770-855-8976

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