Phenix City, AL - The Village at Crosswinds

Description:

SRS Multi-Tenant Investments is pleased to offer the fee simple interest (land and building ownership) in The Village at Crosswinds, a 13,441 SF multi-tenant retail strip center located in Phenix City, Alabama. The property sits on an adjacent parcel to the recently built Renfroe’s Market and is 100% leased to a diverse mix of national and regional tenants including Marco’s Pizza, Happy Hour Wine & Spirits, Saborcito Mexican Cocina, Alpha Leader Grooming, and The Vibe Vault Salon. The center achieved full occupancy this year, with Saborcito Mexican Cocina scheduled to begin its lease in December 2025, providing over 9 years of weighted average remaining lease term (WALT) across the tenant base. Each tenant operates under a triple-net (NNN) lease structure with minimal landlord responsibilities, offering investors a stable and predictable long-term income stream. Four of the five tenant leases include fixed annual rent increases ranging from 1.5% to 3.0%, further enhancing the asset’s income growth potential.

The Village at Crosswinds is strategically positioned along Alabama State Highway 1 / U.S. Highway 431, a primary north–south commercial corridor (35,300 VPD). The property benefits from shadow anchor, Renfroe’s Market, a high-performing regional grocer, and is located behind a Circle K Station, Wendy’s, and Taco Bell, within the larger Crosswinds master-planned retail development that draws consistent daily traffic. Additionally, the center sits directly across from The District at Phenix City, a 336-unit multifamily community providing strong built-in residential demand. The Village at Crosswinds is located five miles north of Fort Moore (Fort Benning) home to more than 180,000 active-duty personnel, dependents, and civilian employees and less than one-half mile from Chattahoochee Valley Community College (1700+ students). Serving a robust and expanding trade area just outside Columbus, Georgia, the property benefits from strong regional demographics with more than 58,000 residents within a five-mile radius and an average household income exceeding $58,000.

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Listing ID: a28TP000001jC9JYAU