Jacksonville Crossing

Jacksonville Crossing

1555 South Pelham Road
Jacksonville, AL

Price: $5,427,000
Cap: 8.0%
NOI: $434,190
Building Size: 56,401 SF
Lot Size: 5.12 AC

Investment Highlights

•56,401-Square-Foot, Mul-Tenant Retail Center
•Shadow-Anchored by Walmart Supercenter
•67% Occupied | All Leases are Triple-Net | Upside Potential in Leasing Vacant Space (18,883 Square Feet of Potential Storage/Warehouse Space) | Pro Forma Cap Rate is 9.74%
•Strong Tenant Base Anchored by New 10-Year Lease with Five Below | Other Tenants are a Complementary Mix of National and Local Retailers
•Dollar Tree at this Location is Ranked in the Top 99th Percentile in the United States and is the Top Ranked Store in the State of Alabama, Compared to other Dollar Tree Stores Based on Consumer Traffic (source: Placer Labs Inc.)
•Seller Reports a New Roof was Installed in 2020 with a 15-Year Limited Warranty •Priced at $96 per Square Foot | Well Below Replacement Cost
•Located on Pelham Road South Near the Signalized Intersection with George Douthit Drive SW | Traffic Counts are Approximately 26,600 Vehicles per Day
•Close Proximity to Jacksonville State University Health Center | a Primary Health Care Facility Operated via Joint Partnership with Northeast Alabama Regional Medical Center (RMC)
•The City is Home to Jacksonville State University with an Enrollment of Approximately 9,540 Students and 360 Faculty and Staff Members
Zach Taylor
Eric Abbott

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