Five Asset Investment Portfolio For Sale

Transcription

1 Five Asset Investment Portfolio For Sale Huntsville, Alabama - Greensboro, Alabama - Paris, Tennessee Investment Portfolio For Sale Retail: Four (4) assets 149,291 square feet total Office: One (1) asset 5,590 square feet Creekside Corner - Huntsville, Alabama 24,938 SF Offering: Portfolio is offered as an entirety Sale Price: $16,500,000 CAP Rate: 7.3% Loan Assumption: 5.10% Maturity July, 2025 Paramount Place - Huntsville, Alabama 33,934 SF Greensboro Plaza - Greensboro, Alabama 37,200 SF Exchange Place - Huntsville, Alabama 5,590 SF Memorial Plaza - Paris, Tennessee 53,219SF

2 Prime Upscale Retail/Commercial Development 1420 Paramount Drive, Huntsville, Alabama ,934 square feet of retail space on ~4.71 acres Signalized intersection of Paramount Drive and University Drive Located in front of Main Street Apartments, a 204-unit luxury apartment project Just west of Indian Creek Traffic Count - 39,030 VPD - University Drive (2016) Zoning - Highway Development C 4 89% leased Current Tenants Terranovas Restaurant Mango s Caribbean United Cellular Comfort Care Home Health Gigaparts Hair Diagram Cirage Nails

3 Prime Retail/Office Strip Center Bailey Cove Road, Huntsville, Alabama Creek Side Corners 96% Occupancy 24,938 square foot multi-tenant mixeduse strip center Situated on 2.61 acres Zoned C-1 Neighborhood Business Built ~1989 Contains quality office space, medical office space, retail and restaurant space Recipient of the City of Huntsville Beautification Award for the last six years Current Tenants Nick s Ristorante Chips & Salsa Musicology Music School Crestwood Physician Services The Pizzeria Haute Dogs Pet Salon Bebe Nails Bailey Cove Family Dentistry Edward Jones Hope for Life Colonics

4 Memorial Plaza Shopping Center 1150 Mineral Wells Avenue, Paris, Tennessee Memorial Plaza Shopping Center 100% leased shadow center adjacent to Wal-Mart. Site provides excellent visibility and easy access. Current tenants include Peebles, Hibbetts, GNC, Cato, Shoe Show, Rent-A-Center, GameStop, Check Into Cash, Sally Beauty, Western Finance, Soho Nails, and American Cellular. 53,219 square feet of retail space situated on acres

5 Investment Property - Shopping Center - Greensboro, AL 115 East Main Street, Greensboro, Alabama FOR SALE 115 East Main Street Greensboro, Alabama AVAILABLE ~31,200 + square foot shopping center ~6,000 + square foot warehouse, subject to lease ~ acres total, includes 2 out parcels, 1/2 acre each COMMENTS 100% leased shopping center Zoned Neighborhood Business C-1A Outparcels Zoned Neighborhood Business B-2 TENANTS Piggly Wiggly Super Dollar

6 Multi-Tenant Office Building 210 Exchange Place, Huntsville, Alabama Exchange Place 100 % Occupancy 5,590 square foot office building ~.75 acre lot Diagonally across from Bridge Street Town Centre; located off Old Madison Pike with immediate access to I-565 and Research Park Boulevard Current Tenants Better Business Bureau Prometrics (testing facility) Cradle to Rocker (physical therapy)