Vigouroux Marketplace NNN Strip Center Alabama

Investment Offering

Tenant: Vigouroux Marketplace | Mobile, AL
Premises: 66,125 SF
Renewal Options: Varies

Lease Expiration: Varies
Lease Type: NNN
Rental Increases: Varies

Sands Investment Group is Pleased to Present Exclusively For Sale the Triple Net NNN Strip Center Located at 9948 Airport Boulevard in Mobile, Alabama.

Winn-Dixie Has Had Strong Sales of Over $17,000,000 Over The Past 6 Years With a Rent-To-Sales Ratio of 2.26%
Long Term Operating History – Winn-Dixie Has Been the Anchor Tenant Since the Property Was Developed in 1997
Strong Tenant Mix – the Shopping Center Includes the Following National Tenants: Walgreens, Little Caesars, Subway, Herbalife and Edward Jones, Along With Local Tenants
Easy Access – Includes Multiple Points of Entry on Airport Boulevard and Snow Road
The Shopping Center Averages Close to 4,500 Visits Per Month
This Property is the Closest National Grocery Store to the Nearby Big Creek Lake, Which Offers Boating, Fishing, Hiking and Camping
Limited Competition – Nearest Grocery Store is Over 3-Miles Away
Excellent Location – Located at the Intersection of Airport Boulevard and Snow Road, Which Sees Over 25,000 Vehicles Per Day
Great Demographics – the Population Within a 3-Mile Radius is Close to 21,000 Residents
Other National Retailers Nearby Include: McDonald’s, O’Reilly Auto Parts, Shell, Circle K, Regions Bank, Exxon, Whataburger, Compass Urgent Care and More

In Cooperation with BoR: Andrew Ackerman – Lic. #C0001099750

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Tenant Overview

Founded in 1925, Winn-Dixie employs more than 45,000 associates who serve customers in approximately 575 grocery stores with a majority having in-store pharmacies throughout the five Southeastern states of Alabama, Florida, Georgia, Louisiana and Mississippi. Winn-Dixie targets the value shopper looking for a convenient, local, full-service grocer offering very competitive prices. Winn-Dixie’s parent company, Southeastern Grocers, LLC is the fifth largest conventional supermarket chain in the U.S. and the second-largest conventional supermarket in the southeast based on store count. As of May 28, 2018 Southeastern Grocers, LLC successfully completed its financial restructuring and emerged from Chapter 11. They transformed their financial profile and beefed up their balance sheet by lowering overall debt levels by about $600 million, including $522 million of debt exchanged for equity in the reorganized company while maintaining their strong liquidity position. In addition to Winn-Dixie, Southeastern Grocers operates the BI-LO, Harveys and Fresco y Mas banners. The company has 575 grocery stores with a majority having in-store pharmacies and 145 liquor stores throughout seven Southeastern states.

Area Overview