Moore's Place Shopping Center is an 18,000 square foot community shopping center 78% occupied by restaurant and service tenants. The existing tenants average over six years of occupancy which has created a stable base income for the property. The subject is located 3.3 miles northeast of the Auburn University campus which boasts an enrollment of over 27,000 students.

The offering is valued at an 7.7% cap rate offered on actual net income. It offers value-add potential with 78% occupancy at an average base rental rate of $104.00 per square foot.

Location Description:

Located in Auburn, Alabama on East University Drive, this property is adjacent to Colonial Mall which includes anchor tenants Steinmart, Dillard's and JC Penney. The subject property boasts excellent access from University Avenue and Opelika Roads.

Highlights:

>> Adjacent to Colonial Mall - Steinmart, Dillard's, JC Penney

>> Adjacent to Wynnsong Cinemas

>> Near new Ace Hardware and Walmart neighborhood concept

>> Excellent access from University Avenue and Opelika Roads

>> High traffic counts - 28,000 cars per day at University Ave and Pepperill Pkwy

>> 5-mile average household income is $50,827

>> High growth area - 9.6% population growth 2007 to 2011

>> 7.7% cap rate

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