Description de l'actif
AUCTION OCTOBER 16 - 18, 2023. Please execute CA on Ten-X to view all Due Diligence. https://www.ten-x.com/listing/3525-ross-clark-cir-dothan-al-36303/29308376/
In conjunction with Ten-X, JLL is pleased to announce the opportunity to acquire Northside Plaza, a 100% occupied, dominant retail center shadow-anchored by Publix, Home Depot, and Hobby Lobby. The center features a diversified tenant mix that includes 2nd & Charles, Axtion Air, Spectrum, Cost Cutters, OneMain Financial, Advantage Staffing, Nail Boutique & Spa, and AMC Theaters. Due to the excellent property fundamentals, tenants have thrived at this location, with a weighted average lease tenure of over 14 Years, 77% of tenants having renewed their lease at least once, and 56% of tenants renewing or signing an LOI in the past 12 months.
Located at 3525 Ross Clark Circle, the center is strategically located in the heart of Southeast Alabama’s premier retail corridor, which boasts a 50+ mile trade area and over 17 million annual visitors, according to Placer.AI. Additionally, Northside Plaza sits at a main & main intersection on the corner of Ross Clark Circle and Montgomery Highway, where over 70,000 vehicles pass the property each day. The strategic location in the submarket coupled with the broader retail center of gravity of the area leads to over 2.1 million annual visits to the center, ranking Northside Plaza in the top 84% of shopping centers nationwide (Placer.AI).
Don’t miss out on this opportunity to acquire a premier retail center with excellent fundamentals, dominant shadow anchors, and a compelling story. Please reach out to the deal team for more information.
Caractéristiques de l'actif
Points clés d'investissement
Super Regional Retail Destination
Best In Class Shadow Anchors
Durable Income Stream
Multi-Anchor Drawing Power
Excellent Property Fundamentals