671 Snow Street, Oxford, AL

Retail for Sale ‐ $4,590,000 ‐ 29,888 Sq. Ft. on 2.73 acres

Bull Realty, Inc.

Print   |   Report Error   |   Email Listing

Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #962303
Location671 Snow Street
Oxford AL 36203
Last UpdatedSeptember 7th, 2017
TypeRetail
Price$4,590,000
Building Size29,888 Sq. Ft.
Lot Size2.73 acres

Contact


Property Description

Bull Realty is pleased to present the opportunity to acquire this multi-tenant retail investment located in the growing major retail corridor of Oxford, Alabama. The property is situated at the juncture of AL State Hwy 21 and Snow Street, approximately 0.5 miles from Interstate 20. The area exhibits high traffic flow with a busy intersection positioned nearby. Snow Street Village is a neighborhood shopping center, which draws over a third of its shoppers from up to 35 miles away and is situated on 2.73 acres with 30,150 SF of space. There are two out-parcels framing the newly renovated 9-unit complex. The facility boasts a 93% occupancy rate and a proven history as an excellent income producer since it was built in 1999. Over half of the tenants have occupied the center for more than 12 years.

Snow Street Village is anchored by corporate stores, including: HoneyBaked Ham, CiCi’s Pizza, Check into Cash, H & R Block and multiple medical tenants. The consistent mix of both corporate and local tenants add to the appeal of this property. Due to the $100,000+ spent on renovating this facility in 2015/2016 and parking lot striping in March of 2017, deferred maintenance is minimal.

The current population of Oxford is 21,348 representing an increase of 46.3% since 2000. Oxford is conveniently located at the halfway point between Atlanta, Georgia and Birmingham, Alabama with many commuters and travelers adding to the commerce in the area. The immediate and surrounding area boasts high visibility with many corporate facilities, including: Dillard’s, Jack’s, Rite Aid, Dollar General, Books-A-Million, Regions Bank, Wells Fargo, Red Lobster, and several branded hotels. The area continues to develop and gain new tenants due to the close proximity of Interstate 20.

Location Description:

One block off of State Hwy 21 in Oxford Alabama. Across Snow Street from Quintard Mall, a regional mall.

Highlights:

>> 8.0% cap rate on year one income, with considerable escalations in years to follow

>> 63% of the center has been occupied by the same tenants for more than 12 years

>> Anchored by Honey Baked Ham, H&R Block, CiCi’s Pizza, Family Health & Wellness Clinic

>> Located along a major thru fare with close proximity to Interstate I-20

>> Well-kept center with no deferred maintenance

>> 93% occupied with long term & stable tenants

>> May be purchased individually or with nearby center The Colonnade as part of portfolio

* Email for additional photos


Similar Listings