Enterprise Shopping Center NNN

Enterprise Shopping Center | Enterprise, AL

Sands Investment Group is Pleased to Exclusively Offer For Sale the 53,500 SF Enterprise Shopping Center NNN Asset Located at 913 Rucker Boulevard in Enterprise, AL. This Deal Includes a 2,500 SF Vacancy, Representing Only 5% of the Center’s Gross Leasable Area, Which Offers a Significant Opportunity For Value Enhancement Once the Space is Leased, Providing For a Secure Investment.

  • Located in Enterprise, Alabama, a City With a Population of 28,000 and a 1.5% Annual Growth Rate
  • The Area Offers Strong Connectivity Via U.S. Highway 84 and Interstate 65, Providing Access to Over 350,000 Residents Within a 30-Minute Drive
  • With an Unemployment Rate of 3.2%, Enterprise is a Stable and Growing Market For Retail and Commercial Investment
  • Anchored By the Third-Largest Planet Fitness Franchisee, Who Operates Over 160 Health Clubs Across North America, Planet Fitness Stands as the Only National Credit Gym Operator Within the Enterprise Market
  • 2,500 SF Vacancy, Representing Only 5% of the Center’s Gross Leasable Area, Offers a Significant Opportunity For Value Enhancement Once the Space is Leased
  • Prime Street-Front Visibility Along Rucker Boulevard, Which Sees Approximately 18.8K Vehicles Per Day, Ensuring High Exposure
  • Robust Demographics in a Strong Tertiary Market, With 39,000 Residents Within a 5-Mile Radius, Providing a Solid Customer Base

BoR: Andrew Ackerman – Lic. AL #1089690

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Lowe’s

 

  • 100% Occupied Single Tenant 10 Year Net Lease – Landlord Responsible for Roof and Structure Only
  • Fixed Rent Increases Throughout the Term of the Lease
  • Six (6) x Five (5) Year Renewal Options
  • Strong Historical Occupancy – Lowe’s Has Been at This Location for Over 20 Years
  • Corporate Guarantee From Lowe’s Companies Inc. – Fortune 47 Company and the Second Largest Home Improvement Retailer in the U.S.
  • Lowe’s Total Revenues in Excess of $59 Billion, Net Income of $2.55 Billion and Net Worth of $7.65 Billion as of January 2016
  • Enterprise, AL is One of the Largest Agricultural Producers in the State of Alabama
  • H.S. Alabama Automotive, Tier One Supplier for Hyundai Motors Located Less Than Three Miles from Asset
  • Coffee County Accounts for an Estimated $200M Worth of Agricultural and Agribusiness Products Per Year and One of the Top Agricultural Producers in the State of Alabama and in the Top 100 of Nearly 3,000 Counties Nationally
  • Strong Visibility from Boll Weevil Circle with 18,410 VPD
  • Less Than 10 Miles from US Army Aviation Museum and Fort Rucker Military Base – Active Duty Military Strength of Approximately 5,000
  • Neighboring Tenants Include: KFC, Dollar General, Church’s Chicken, Tractor Supply, and Hobby Lobby