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