2550 Douglas Ave Brewton, AL 36426
- Lifestyle centers
- 30,027 SF
- 6.02 lot acres
Current Use by Public Records
- AT&T Store / Cell Phone Store / Cell Phone Accessory Store
- World Finance / Tax Preparation / Loan Agency
Property Details for 2550 Douglas Ave
- Year built
- 2009
- Lot size
- 6.02 lot acres
- Property size
- 30,027 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 30,027 square-foot shopping center in Brewton, Alabama, presents a compelling investment opportunity. Boasting 100% occupancy and triple-net (NNN) leases across 10 tenants, including a Dollar Tree anchor, this property generates a strong NOI of $382,717 and an 8.38% cap rate. Situated on a 6.02-acre lot, the center features two multi-tenant buildings with ample parking and a highly visible double-sided pylon sign. Its prime location at the signalized intersection of Douglas Avenue/US-31 and Old Castleberry Road ensures high visibility and accessibility, with daily traffic counts exceeding 13,000 vehicles. The property benefits from its proximity to a Walmart Supercenter and other national retailers, further enhancing its appeal. Built in 2009, this center offers a diverse tenant mix, with 84% of the leasable area occupied by national or regional credit tenants. The asking price is $4,566,267, translating to $152.07 per square foot. Its strategic location near Coastal Alabama Community College and popular tourist destinations on the Gulf Coast adds to its long-term investment potential. This is a rare opportunity to acquire a well-performing, multi-tenant retail center with a strong tenant roster and excellent location. The property's size, location, and strong financial performance make it an attractive investment for discerning buyers.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Brewton
- County
- Escambia
- State
- Alabama
- Longitude
- -87.0673
- Latitude
- 31.147
