For Sale
$15,610,000

5039 Us-231 Wetumpka, AL 36092

New Publix, 20-Year Lease, High Traffic

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional investment opportunity presents a brand-new, 48,387 square foot Publix grocery store located at 5039 US-231 in Wetumpka, Alabama (zip code 36092). Built in 2024, this Class A retail property sits on a 6.96-acre lot and boasts 233 parking spaces. The property benefits from a strong corporate guarantee and a 100% occupancy rate, secured by a single-tenant, 20-year lease with Publix, a highly reputable and financially stable grocery chain. The lease structure includes eight 5-year renewal options, providing long-term stability and predictable cash flow. The property's strategic location along US Highway 231, a major north-south thoroughfare with an average annual daily traffic count of 35,560 vehicles, ensures high visibility and accessibility. Its proximity to Lake Martin further enhances its appeal, attracting affluent clientele traveling between Montgomery and the lake. With the nearest competing Publix over 12 miles away, this location enjoys a significant competitive advantage within its large trade area. The asking price is $15,610,000, representing a 5.20% cap rate. This investment offers a rare opportunity to acquire a secure, long-term cash flow stream from a premier tenant in a prime location.

Highlights

  • Rare single-tenant Publix with a new 20-year lease, including eight 5-year renewal options.
  • Strategic location on US Hwy 231, a major thoroughfare with 35,560 AADT.
  • Prime location serving affluent Lake Martin traffic, with minimal grocery competition (nearest competitor over 12 miles away).
  • Brand-new, 48,387 SF build-to-suit construction completed in 2024, situated on a 6.96-acre lot with 233 parking spaces.

Property Details for 5039 Us-231

Property type
Retail properties, Grocery and convenience stores
Square Feet
48,387 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
303,178 SF

Location Insight

City
Wetumpka
County
Elmore
State
Alabama
Latitude
32.5142103
Longitude
-86.2129547
5039 Us-231, Wetumpka, Alabama

FAQs

What type of property is this?
Retail property - New Publix, 20-Year Lease, High Traffic
Where is the retail property located?
The property is located at 5039 Us-231 Wetumpka, AL.
What is the asking price?
The asking price for this property is $15,610,000.
What are key features of this property?
This property features: Rare single-tenant Publix with a new 20-year lease, including eight 5-year renewal options.; Strategic location on US Hwy 231, a major thoroughfare with 35,560 AADT.; Prime location serving affluent Lake Martin traffic, with minimal grocery competition (nearest competitor over 12 miles away).
How can I contact the broker?
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5039 Us-231
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