Millbrook, AL - Grandview Plaza

Description:

SRS Capital Markets is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a newly built, grocery-anchored, retail strip investment property located in Millbrook, AL (Montgomery MSA). The 52,846 SF site is 100% occupied, anchored by Publix, and includes a complementary mix of regional tenants including Cuts by Us, Beaute Nail Spa, and Pro Bowl. Publix occupies 89% of the building GLA and constitutes 78% of the base rental revenue. All tenants have recently signed new leases, with Publix securing a fresh 20-year lease, highlighting their long-term commitment to the site. The asset, which was built in 2024, features a state-of-the-art design using the highest-quality materials available.

Grandview Plaza is strategically located along State Highway 14 with clear visibility and access to an average of 33,200 vehicles passing daily. The property also benefits from nearby access onto Interstate 65 (45,600 VPD) and U.S. Highway 31 (21,200 VPD), making it a centralized location with easy access. The property is ideally situated within a dense retail trade area and is adjacent to a Walmart-anchored center. The additional surrounding shopping centers include Prattville Towne Center (384K+ SF), High Point Town Center (651K+ SF), The Exchange at HomePlace (252K+ SF), Premiere Place (428K+ SF), and others. The nearby tenants include ALDI, Harbor Freight, Lowe’s, Home Depot, Target, Bass Pro Shops, AutoZone, and many others. The strong national tenant presence drives a steady stream of loyal, local consumers to the area, promoting crossover exposure and contributing to the local economy. Furthermore, the property is near numerous single-family communities and multi-family complexes including Village at Mill Creek (56 units), The Point at Fairview (192 units), Grandview Pointe at Millbrook (240 units), and others, providing a direct residential consumer base. The 5-mile trade area is supported by over 58,800 residents and 17,600 daytime employees, with a healthy average household income of $94,005.

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