Walmart Shadow Center

Walmart Shadow Center

3341 S Oates Street
Dothan, AL

Price: $4,735,000
Cap: 7.75%
NOI: $366,937
Building Size: 33,900 SF
Lot Size: 6.56 AC

Investment Highlights

33,900-Square-Foot, Multi-Tenant Retail Center

Shadow-Anchored by a High-Traffic Walmart Supercenter Location | Approximately 255.5K Annual Visitors and Ranked in the Top 74th Percentile Statewide as Compared to Other Walmart Stores, Based on Consumer Traffic (Source: Placer.ai)

Fully Stabilized Asset | 100% Occupied | All Leases are Triple-Net | Tenants are a Complementary Mix of National and Local Retailers

Anchored by Dollar Tree and CSL Plasma | Both Tenants at this Location Rank in the 97th Percentile and 92nd Percentile, Respectively, in the State of Alabama Based on Consumer

Traffic (Source: Placer Labs)

Additional Lease Income Provided From Double-Sided Billboard and Parking Lot Donation Box Traffic Counts in Front of the Property Exceed 27,700 Vehicles per Day

Less Than Three Miles From Retail Trade Area Known As Ross Clark Circle or "The Circle", Which Encircles the City of Dothan, Alabama

Average Household Income is Approximately $71,334 and Population is 102,178 Residents within a 10-Mile Radius Dothan is the County Seat of Houston County | Eighth-Largest City in Alabama | 20 Miles West of Georgia and 16 Miles East of Florida

Priced at $149 Per Square Foot | Well Below Replacement Cost

Zach Taylor
Eric Abbott
OFFERING MEMORANDUM

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