Big Lots & TSC - Northport, AL

JLL is pleased to exclusively offer for sale the fee-simple interest in the Big Lots & Tractor Supply Co. (the “Property“ or the “Asset”) located Northport, AL (Tuscaloosa MSA). The Asset is comprised of 58,035 SF and is 100% occupied with 3.5 years of WALT. The tenants operate on NN lease structures with minimal landlord responsibilities and highly defendable rents. This Tractor Supply Co. location draws more visits annually than any other TSC in the state of Alabama (64 locations), per Placer Ai.

The Property is situated within a dense corridor along McFarland Blvd. (29,000 VPD) anchored by the adjacent Walmart Supercenter which attracts more than 2.7 million annual visits and ranks in the 90th percentile of most frequented locations in the state. Other blue-chip brands in the immediate area include Chick-fil-A, Lowe’s and Aldi. Northwood Shopping Center, a Class-A retail center that attracts 1.2 million annual visits and is anchored by Publix and Hobby Lobby is located 1-mile east of the Property along McFarland Blvd.

The surrounding market has experienced substantial growth in recent years. Since 2010, the 5-mile population has flourished by more than 30%. This growth is largely attributed to the presence of the University of Alabama located just 10-minutes from the Property. With more than 40,000 students and significant capital investments in recent years, the university has served as a primary driver for growth to the local economy.

This offering presents a rare opportunity to acquire a quality Asset occupied by nationally recognized tenants and future mark-to-market opportunities in a significant growth market anchored by one of the largest and oldest universities in the nation.

BOR: Buff Teague AL License #83353-0