Publix at Morgan Road Plaza (Birmingham MSA)

Highlights:

• Publix anchored with drive-thru pharmacy and fully leased brand new class A construction
• 20 year Publix lease and 5-10 year leases for the 3 complimentary tenants in the outparcel building
• Publix accounts for 92.5% of the total square footage and 85% of the total base rent
• Signalized intersection hard corner location with multiple access points and excellent visibility/signage
• Limited competition within a 3-mile radius with Publix being the primary grocery store option
• 2 miles south of I-459 exit 6 (69,000+ VPD) allowing for quick and convenient regional access
• Average HH income over $119,700 and Median HH income over $109,200 within a 1-mile radius
• The Birmingham region is home to over 1.1 million residents and has one of the strongest business climates, some of the lowest property taxes, and one of the most affordable cost of living standards in the nation

Description:

RealtyLink is proud to offer the marketplace the opportunity to acquire a brand new Publix anchored neighborhood retail center in Hoover AL. Located at the signalized intersection of South Shades Crest Road and Morgan Road about 22 miles south of downtown Birmingham and 2 miles off I-459 exit 6, the recently completed development is well positioned within an affluent community and fully leased. A freestanding Publix highlights the tenant lineup with an outparcel building that includes BenchMark Physical Therapy, Great Clips and Beaute Nail Spa.

Southeast quadrant of S Shades Crest Rd and Morgan Rd about 22 miles south of downtown Birmingham and 2 miles off I-459 exit 6.

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