Property profile

5039 Us-231 Wetumpka, AL 36092

OFF-MARKET
Retail properties & Spaces
48,387 SF 6.96 ac lot Built 2024
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2024
Total area 48,387 SF
Lot 6.96 ac (303,178 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

5039 Us-231 Wetumpka, AL 36092
Wetumpka metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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