Building Details

Year Built 1960

Listing Agency: Saunders Realty

Listed By: Stephen Saunders, CCIM · License #AL 546464-3

Source: Crexi

Added: Sep 27, 2022 Changed: Jul 10 Last Checked: Jul 30 at 11:27AM

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Investment Insights

Based on property information with market context.

Retail space is available for lease at Westgate Plaza in Andalusia, Alabama. The location sits on Highway 29 South. The plaza features a Wendy’s, built in 2021, and a redeveloped Arby’s, also built in 2021. One anchor location is available, offering 20,000 square feet. The landlord will consider dividing the space. Development is underway in 2025. New roof, new parking, and a new drive around the center are being added. Ollie’s and Dollar Tree are opening this week. Currently, there are three new tenants, with more coming.

Key Highlights

• Anchor tenant location available with 20,000 SF of retail space.
• Development underway with new tenants including Ollie's and Dollar Tree opening soon.
• Located on Highway 29 South, a route to the beach.

Property Analytics

Property Profile

Current Use

West Gate Plaza ... Business Service Center

Suggested Use

Top Pick Auto Parts Store Big Box & Wholesale Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)

Lease Type

$2.10 /SF/Yr

CAM

Location Intelligence

Trade Area within ½ mile

7

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 36420, AL

10,796

Population

5,147

Households

2.1

Avg Household Size

43

Median Age

25%

College-Educated

85%

High-School Grad

267.9 sq mi

ZIP Area

40

Density / Sq Mi

$50,126

Median Household Income

$36,374

Median Earnings

$659

Median Rent

$163,900

Median Home Value

Market

Vacancy Rate% for Retail in South region

7% 2020

6.2% 2021

5.1% 2022

4.8% 2023

4.9% 2024

5.4% 2025

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Frequently Asked Questions

What type of property is this?

Shopping center - Retail space for lease in Andalusia, Alabama's Westgate Plaza.

Where is this shopping center located?

The property is located at 700 Westgate Plaza Andalusia, AL.

What is the lease rate?

The lease rate is $14 SF/Yr.

What are key features of this property?

This property features: Anchor tenant location available with **20,000 SF of retail space**.; Development underway with new tenants including Ollie's and Dollar Tree opening soon.; Located on Highway 29 South, a route to the beach.