Cap Rate
9.5%
$ per SF
$207
4097 US-280, Alexander, AL, 35010
Ruby Tuesday$1,065,454
Key Information
Tot. SF
5,136
Lot Size
1.27 Acres
Year Built
2007
Term Remaining
± 14 Years
Type
Retail
NOI
$101,218
Highlights
- Frontage to US-280 | New Chick-fil-A & Publix-Anchored Center Nearby – Current rent is equal to $20/SF. Immense visibility & access along Highway 280 seeing over 26,990 vehicles per day (VPD) in Alexander City’s primary retail corridor. Major retailers nearby include Chick-fil-A (new), the Publix-Anchored Shopping Center (new), & the Marketplace of Alexander City located directly across the street & home to ALDI, Harbor Freight, and more shops.
- Booming Economic Growth | Major Thoroughfares Throughout AL | Top 10 Most Visited County in AL – Located between Birmingham & Auburn, Alexander City is an exponentially growing region in Alabama with long-term upside for future investors. Proximity to major Alabama markets & significant capital investments by local government are two key factors for the booming economic growth of Tallapoosa County.
- Tallapoosa County GDP: $1.51 Billion
- Tallapoosa Average Household Income: $69,686
- Consistent Travel to Nearby Lake Martin – the largest man-made lake in the world with over 750+ miles of shoreline, and one of Alabama’s major recreational destinations for boating, fishing, and camping. It is considered one of the most popular lakes in Alabama, with millions of annual visitors.
- Proximity to Auburn University – located only 45 minutes from Auburn, Alexander City serves as a major hub along US Highway 280 where many students and travelers pass through on the way to Auburn University, resulting in a lot of consumer traffic. The university is home to over 35,172 students with notable growth in the Business and Engineering schools.
- Surrounded by Major National Retailers – including Walmart, Publix (new), Aldi, Tractor Supply Co, Chick-fil-A (new), McDonald’s, Taco Bell, Zaxby’s & more, driving consistent consumer activity & foot traffic.
- Long-Term Absolute NNN Lease – Fourteen (14) years remaining in the initial term with an investor-friendly lease structure.
- Attractive to Future Uses Due to the Large Building & Lot Size – an existing 5,136 SF building positioned on over 1.27 AC creates future flexibility & various future uses for investors.
- Part of a Larger Portfolio of Ruby Tuesday Assets | Available Individually or as a Package
Photos
Location
Agents
Broker of Record
Hutt Cooke
License # 000110253 - 0, 000168807-0 (AL) Matthews Real Estate Investment Services, Inc 1600 West End Ave, Ste. 1500 Nashville, TN 37203