Property Listing No Longer Available for Sale

634 & 600 East Patton Avenue

Montgomery, AL

Retail for Sale - $2,500,000 - 183,000 Sq. Ft. on 49299.44 acres


Property Info

CIMLS#549445
Location
  634 & 600 East Patton Avenue
  Montgomery AL 36111
UpdatedApril 3rd, 2014
TypeRetail
Price$2,500,000
Building183,000 Sq. Ft.
Land49299.44 acres

Property Description

This very well maintained community shopping center is one of the lowest priced community centers comprising approximately 183,000 square feet. Tenants include: Mega Meat, a popular chain supermarket, Dollar General (Dollar General is the largest discount retailer in the United States by number of stores with over 8,700 neighborhood stores in 35 states). Dollar General has Investment Grade Credit. Excellent investment property for an investor or developer. Just 5 minutes from the new Hyundai plant Normandale Shopping Center is anchored by Compass Bank, Dollar General, and Mega Meats grocery store, and a healthy mix of retail tenants. The site is located south of downtown Montgomery and just 5 minutes from a new $1 billion Hyundai plant providing thousands of jobs in the immediate area. The surrounding neighborhood benefits from connecting roads, schools, churches and community services.

• Compass Bank (S&P Rated A) has been a tenant since 1997. They recently renewed their lease through 2037. Dollar General took occupancy in 2008 and Mega Meats joined in 2011. Mega Meats has been successful and leased additional space this year.

Location Description:

Normandale Shopping Center is located south of downtown Montgomery and just 5 minutes from a new $1 billion Hyundai plant providing thousands of jobs in the immediate area. The Property’s proximity to downtown Montgomery affords it easy access to area expressways, shopping, parks and other recreational areas. The Hyundai plant added 10,000 jobs when built and Hyundai announced the creation of an additional 5,000 jobs over the next 2 years. Normandale is situated just 5 minutes from two country clubs, Huntingdon College, Baptist Medical Center South and is only 15 minutes from Maxwell Airforce Base. The surrounding neighborhood benefits from connecting roads, schools, churches and community services.

Highlights:

>> Great Location – located immediately south of central business district and 5 minutes from new $1 billion Hyundai plant with 5,000 new jobs being added over the next two years

>> Huge Upside Potential

>> More than $300,000 in Recent Renovations

* Email for additional photos


Financials

Sales Info:

>> Commision split: 2.0%