Thursday, February 6, 2014

Single Tenant Net Leased Winn-Dixie (Absolute NNN)

 Listing Single Tenant Net Leased Winn-Dixie (Absolute NNN)

SRS Real Estate Partners, as exclusive broker, is pleased to offer for sale a single-tenant-net-lease investment opportunity located in Atmore, Alabama and occupied by Winn-Dixie. Winn-Dixie is the 43rd largest retailer in the United States and was ranked Number 24 in the Top 75 North American Food Retailers. Winn-Dixie enjoys a loyal customer base in Alabama as the second-largest grocer in the state with 11% market share.

* Total GLA: 38,000+/ SF

* Occupancy: 100%

* Tenant: Winn-Dixie

* Price: $2,273,500.00 (8.60% Cap Rate)

* Year 1 Net Operating Income: $195,525.00


*Advantageous location in the heart of downtown, serving as THE grocery store destination for Atmore

* Added customer draw from a Regions Bank outparcel (not a part) as well as an attached retail center anchored by Family Dollar and Rite Aid

* Highly visibility and good access with two points of ingress/egress from East Church Street

* Ample parking

* Recent capital improvements include re-surfacing and striping of parking lot and updates to the lighting

Single Tenant Net Leased Winn-Dixie (Absolute NNN)

No comments:

Post a Comment