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