• WALMART HAS AGREED TO 10-YEAR EXTENSION EFFECTIVE 2021
• WALMART’S RENEWAL AND SUBDIVIDED PARCELS CREATE AN IDEAL PARCELIZATION PLAY
• DOMINANT RETAILER IN MARKET | DOMINANT CENTER IN MARKET
• ATTRACTIVE INTERSTATE LOCATION | LARGE TRADE AREA
PAYTON PARK SUMMARY • Payton Park is a 231,820 SF Walmart Supercenter Anchored Center located in Sylacauga, AL (1 hour out of Birmingham/47 Miles Southeast of Birmingham / Birmingham MSA) • The center is Anchored by a Walmart Supercenter (Credit Rating: AA) that just recently agreed to a 10-year extension effective Feb-2021. • Walmart’s Renewal and Subdivided Parcels Creates an Ideal Parcelization Play • The subject property is 96% occupied by National Tenants Including Walmart Burke’s Outlet, CATO, Sally Beauty, Shoe Show, and more. • Strong tenant history with an average occupancy of 15 years | 83% of the center in occupancy for 20+ years • The center has strong Real Estate Fundamentals perfect visibility, signalized intersection, ideal signage, sufficient parking, and attractive facade.
DOMINANT RETAILER | DOMINANT CENTER • Payton Park is located as the heart of the Main retail corridor of Sylacauga on US Highway 280 (20,430 VPD) • Surrounding Retailers Include: Hobby Lobby, TJ Maxx, Home Depot, Chick-fil-A, Zaxby’s, Quality Inn, Holliday Inn, and more. • The subject property is the Dominant retail center in the area | Next Closest Walmart at least 30 minutes in every direction.
SYLACAUGA, AL (BIRMINGHAM-HOOVER MSA) • With a population of 1.2M, the Birmingham-Hoover MSA is the largest and fastest growing MSA in Alabama. • The Birmingham-Hoover MSA boasts a strong and stable economy driven by Industrial expansion and Automotive Manufacturing. Largest Employers Include: Honda Manufacturing, Mercedes Benz U.S International, American Cast Iron Pipe Company, The United States Pipe and Foundry Company, and The United States Steel Corporation • Sylacauga, commonly known as “The Marble City” and “Alabama’s Best Kept Secret”, is home to the finest white marble bedrock in America. The white marble bedrock was the first and largest industry in Sylacauga, with the main source being Gantts Quarry (located directly across from the Center). • Sylacauga is an expanding community desirable to other Major Retailers who have recently entered the market including TJ Maxx, Hobby Lobby, Chick-fil-A, and Starbucks all directly adjacent to the subject.