Walmart Shadow Center

Walmart Shadow Center

3371 S Alabama Ave
Monroeville, AL

Price: $4,775,000
Cap: 7.75%
NOI: $368,918
Building Size: 38,200
Lot Size: 6.2 AC

Investment Highlights

WALMART SUPERCENTER SHADOW CENTER
• The subject property is a 38 ,200 SF Walmart Supercenter shadow anchored retail center located in Monroeville, AL.
• The property is 100% leased to strong national brands such as Dollar Tree, CATO, Shoe Show, Verizon and more
• The center is shadow anchored by a strong-performing Walmart Supercenter that has been th ere for nearly a decade
• CATO ranks in the top 25% of all locations in th e country & in the state of Alabama (Placer.ai)
• The center has a long-standing history with half of its t enants being there since the opening in 2012.
• Leasing Momentum | Four (4) new tenants since 2019 and Three (3) lease renewals since 2018

MONROEVILLE, AL
• Monroeville is centrally located approximately 90 miles north of Mobile, Alabama and 90 miles south from the state capital, Montgomery. Monroeville offers its residents small town living and the access to the bigger cities.
• Monroeville is home to Coastal Alabama Community College, a state-supported, fully accredited, comprehensive two-year college serving southwest Alabama with its main campuses in Monr oeville and Thomasville. The college boasts more than 100 programs and pathways and serves a current combined enrollment of more than 10,000 students across all locations, spanning nearly 9,000 miles in south Alabama.
• An estimated 30,000 tourists visited Monroeville annually due to its association with To Kill a Mockingbird

DOMINANT CENTER IN MARKET
• This Walmart services a 25+ mile trade area with no competing big box properties in the city of Monroeville.
• This shopping center is the largest and the dominant retail center in Monroeville making up 17% of the total retail square footage in Monroeville.
• Distance from nearest big-box competition: Target (86 mi.), Walmart (35 mi.) and Publix (44 mi.)

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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