5039 US-231Wetumpka (Montgomery), AL 36092
Publix at The Shoppes at Fort Toulouse
Single Tenant Publix | 20-Year Lease PRICE: $15,610,000
Overview
- New 20-year lease to an iconic corporate grocery tenant
- Rare opportunity to purchase a single-tenant Publix
- Eight (8) option periods of five (5) years each, providing a passive long-term income generator
- Publix is actively expanding their store count in Alabama due to the success of existing stores
- Ideal 1031 target property providing secure and long term cash flow
- Publix is one of the 10 largest-volume supermarket chains in the U.S. with 2022 retail sales of $54.5 billion and over 250,000 employees
Investment Highlights
STRATEGIC LOCATION IDEALLY POSITIONED ALONG U.S. HIGHWAY 231
- High-traffic location along U.S. Highway 231 (35,560 AADT)
- U.S. Highway 231 runs for 912 miles from St. John, Indiana to Panama City, Florida
- Anchor-tenant of The Shoppes at Fort Toulouse, a newly constructed multi-property shopping center servicing a wide trade area drawing shoppers from communities surrounding Wetumpka
- The property serves an under-served trade area for grocery with very limited true competition (nearest Publix is over 12 miles away)
- Wetumpka and the surrounding communities are drawing people from Montgomery with the strong school systems and lack of crime
- Perfectly positioned to capture wealthy lake traffic traveling from Montgomery to Lake Martin which is not captured in the demographics
Photo Gallery
5039 US-231Wetumpka (Montgomery), AL 36092
Investment Sales Team
Listing provided by Revere CRE