4812 Us-280Alexander City, AL 35010

Property Details for 4812 Us-280

Year built

2024

Property size (Sq ft)

93,352 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional Class A, 93,352 square foot shopping center in Alexander City, Alabama, presents a compelling investment opportunity. Located at 4812 US-280, this 2024-built, single-story property boasts 100% occupancy and features a diverse tenant mix including Publix, Starbucks, Marshalls, and six additional tenants. The center benefits from long-term leases with a weighted average lease term exceeding 14.5 years, minimizing near-term capital expenditure needs. Its prime location at the intersection of US-280 and AL 63 provides convenient access to the affluent Lake Martin communities, capitalizing on the area's thriving tourism and residential growth. The inclusion of a two-tenant outparcel featuring Starbucks and another tenant further enhances the property's value and income stream. Publix, the first full-service national grocer in the market, opened in early November 2024, immediately addressing a significant community need and establishing a strong anchor tenant. This property offers a rare combination of high-quality construction, strong tenancy, and a desirable location, making it an ideal investment for discerning buyers seeking stable, long-term returns. Rent bumps are included in the lease agreements. Tallapoosa County location.

Location Insight

City

Alexander City

County

Tallapoosa

State

Alabama

Latitude

32.9163

Longitude

-85.9533

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