1225 Snow Street, Oxford AL

Retail for Sale - $2,955,000

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #962302
Location1225 Snow Street
Oxford AL 36203
Last UpdatedDecember 7th, 2017
TypeRetail
Price$2,955,000

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Property Description

Bull Realty is pleased to offer a unique opportunity to acquire this ± 27,050 SF retail strip center in Oxford, Alabama. The Colonnade is 95% occupied by a diverse mixture of both local and regional tenants. Delivered at an 9.0% cap rate, this property offers stable and high yields.

Located at the signalized intersection between Snow Street and US Highway 78, this retail strip center has good access and excellent visibility. This area is conveniently positioned at the halfway point between Atlanta, GA and Birmingham, AL, with many commuters and travelers adding to the commerce in the area. This market has experienced high growth rates due to its proximity from Interstate 20 and Jacksonville State University.

The Colonnade is available individually or as part of a two property portfolio. Snow Street Village is the second retail strip center in this portfolio, which is located 1/10 of a mile west of the Colonnade on the same street. The total portfolio is being delivered at a blended 8.7% cap rate on actual income is available for $7,295,000.

Location Description:

Located at the signalized intersection between Snow Street and US Highway 78, this retail strip center has good access and excellent visibility. This area is conveniently positioned at the halfway point between Atlanta, GA and Birmingham, AL, with many commuters and travelers adding to the commerce in the area. This market has experienced high growth rates due to its proximity from Interstate 20 and Jacksonville State University.

Highlights:

>> 9.0% cap rate

>> Stable tenant mixture and high yields

>> Long term stable tenant history with longer term leases

>> Located at the signalized corner of Snow Street and US Highway 78

>> 95% occupied by a diverse mixture of both local and regional tenants

>> May be purchased individually or with nearby Snow Street Village as part of portfolio

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