5039 Us-231 Wetumpka, AL 36092
- Retail properties
- 48,387 SF
- 6.96 lot acres
Current Use by Public Records
- Retail properties
Property Details for 5039 Us-231
- Year built
- 2024
- Lot size
- 6.96 lot acres
- Property size
- 48,387 SF
- Property type
- Retail properties
- Property subtype
- Grocery and convenience stores
Description
This exceptional investment opportunity presents a brand-new, 48,387 square foot Publix grocery store located at 5039 US-231 in Wetumpka, Alabama (zip code 36092). Built in 2024, this Class A retail property sits on a 6.96-acre lot and boasts 233 parking spaces. The property benefits from a strong corporate guarantee and a 100% occupancy rate, secured by a single-tenant, 20-year lease with Publix, a highly reputable and financially stable grocery chain. The lease structure includes eight 5-year renewal options, providing long-term stability and predictable cash flow. The property's strategic location along US Highway 231, a major north-south thoroughfare with an average annual daily traffic count of 35,560 vehicles, ensures high visibility and accessibility. Its proximity to Lake Martin further enhances its appeal, attracting affluent clientele traveling between Montgomery and the lake. With the nearest competing Publix over 12 miles away, this location enjoys a significant competitive advantage within its large trade area. The asking price is $15,610,000, representing a 5.20% cap rate. This investment offers a rare opportunity to acquire a secure, long-term cash flow stream from a premier tenant in a prime location.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wetumpka
- County
- Elmore
- State
- Alabama
- Longitude
- -86.213
- Latitude
- 32.5142
