4812 Us-280 Alexander City, AL 35010
- Lifestyle centers
- 93,352 SF
Current Use by Public Records
- Lifestyle centers
Property Details for 4812 Us-280
- Year built
- 2024
- Property size
- 93,352 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional Class A, 93,352 square foot shopping center in Alexander City, Alabama, presents a compelling investment opportunity. Located at 4812 US-280, this 2024-built, single-story property boasts 100% occupancy and features a diverse tenant mix including Publix, Starbucks, Marshalls, and six additional tenants. The center benefits from long-term leases with a weighted average lease term exceeding 14.5 years, minimizing near-term capital expenditure needs. Its prime location at the intersection of US-280 and AL 63 provides convenient access to the affluent Lake Martin communities, capitalizing on the area's thriving tourism and residential growth. The inclusion of a two-tenant outparcel featuring Starbucks and another tenant further enhances the property's value and income stream. Publix, the first full-service national grocer in the market, opened in early November 2024, immediately addressing a significant community need and establishing a strong anchor tenant. This property offers a rare combination of high-quality construction, strong tenancy, and a desirable location, making it an ideal investment for discerning buyers seeking stable, long-term returns. Rent bumps are included in the lease agreements. Tallapoosa County location.
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
- Alexander City
- County
- Tallapoosa
- State
- Alabama
- Longitude
- -85.9533
- Latitude
- 32.9163
