DEALS

county park plaza

Deals

County Park Plaza – Scottsboro, AL

THE OPPORTUNITY

  • The only true grocery anchored center in the market
  • 8,450 SF vacancy allows for significant NOI growth through lease up
  • Potential rent growth through renewals as existing small shop tenants have minimal term with no options remaining
  • Rental rates at or below those of neighboring shopping centers
  • Zero big box vacancy within the market
  • 1.4% small shop vacancy within the market

THE DEAL POINTS

  • Square Feet: 60,750 SF
  • NOI: $274,000
  • Asking Price: $3,130,000
  • Asking Cap Rate: 8.75%
  • Occupancy: 84%

THE HIGHLIGHTS

  • Located along Scottsboro’s primary retail corridor
  • Hwy 72 is the most heavily traveled road in the Scottsboro market with 28,750 cars daily
  • The Hwy 72 and County Line Rd intersection is one of the most heavily traveled intersections in the market
  • Internet resistant tenant mix with grocery, restaurants, and nail salon
  • Jefferson’s restaurant operates 27 locations across Alabama
  • At lighted intersection

County Park Plaza Virtual Deal Room