Northside Plaza

Crexi Auction Sale: https://www.crexi.com/properties/1952252/alabama-northside-plaza

JLL is excited to present the opportunity to acquire Northside Plaza, a prime retail center in Dothan, AL. This property features a well-tenured tenancy and is shadow-anchored by Publix, Home Depot, and Hobby Lobby, offering a secure and durable income stream. The property will be offered via Crexi Auction on September 22 - September 24. Please use the link above for registration.

Key features of Northside Plaza include:

1. Weighted average tenant tenure of nearly 16 years
2. Strong weighted anchor lease term remaining of nearly 6 years
3. Robust leasing momentum, with 67% of shops having signed or renewed in the past 24 months
4. Diverse tenant mix including 2nd & Charles, Axtion Air, Buff City Soaps, Nail Boutique and Spa, Advantage Resourcing, and OneMain Financial
5. Annual foot traffic of approximately 1.7 million customers

Strategically located at the intersection of Ross Clark Circle and Montgomery Highway, Northside Plaza benefits from traffic counts exceeding 70,000 vehicles per day and the immediate submarket boasts a thriving 5-mile daytime population of nearly 90,000. Dothan serves as a transportation hub connecting Mobile, Montgomery, Birmingham, and Atlanta. This strategic position has fostered a strong economic presence in the region. Notable features of the local economy include a presence of major employers such as Perdue Farms, Coca-Cola, and Michelin North America.

Auction Information

1. Register Here: https://www.crexi.com/properties/1952252/alabama-northside-plaza
2. Non-Contingent
3. Earnest Money Deposit: Greater of $20,000 or 10% of the Purchase Price
4. Marketing Fee: 3% of the Winning Bid Amount, $20,000 minimum
5. $10,000 Participation Deposit