This exceptional Class A, 69,700 square foot retail center in Jasper, Alabama, presents a compelling investment opportunity. Currently 91% occupied, the property boasts a strong tenant roster including Winn-Dixie (64% of current rental income), Aldi, Publix, Target, Walmart, Albertsons, Trader Joe's, Harveys, Aaron's, Drayer Physical Therapy, ALFA Insurance, Advance America, and OneMain Financial. Tenants benefit from a prime location on Highway 78 E, enjoying excellent visibility and access with approximately 66,500 vehicles passing daily. The center's strategic location is further enhanced by its proximity to a Walmart Supercenter, Home Depot, Jasper Mall, and numerous other retail establishments, as well as Walker Baptist Medical Center and Jasper High School. The property features a single, one-story building on a 7.1-acre lot, constructed in 1991. Recent lease extensions with several key tenants demonstrate long-term stability. The current pro-forma NOI stands at $612,354, with an average rent of approximately $9.20 per square foot. A significant upside potential exists with 6,300 square feet (three units) currently vacant, offering immediate leasing opportunities to increase NOI. The investment is structured as a Net Lease (NNN) with credit-rated tenants and corporate guarantees, providing added security. Various lease options and rent bumps are available. This is a rare opportunity to acquire a well-positioned, high-performing retail center with a proven track record and significant growth potential.
Highlights
Corporate-guaranteed leases.
Grocer-anchored center with Winn-Dixie (64% of rental income).
91% leased.
6,300 SF of vacant space offers immediate upside potential.
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Contacts
Robert Vasiliavitchious
Aron Cline
Matt Coates
George Gomez
Rad von Werssowetz
Visit Broker Website
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2405 Highway 78, Jasper, Alabama, 35501
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
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2405 Highway 78
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