Log In/Sign Up
Your email has been sent.
Grandview Plaza 1400 Highway 14 52,791 SF 100% Leased Retail Building Millbrook, AL 36054 $15,985,000 ($302.80/SF) 5.75% Cap Rate
Investment Highlights
- Publix Anchored Center | Newly Signed, Long-Term Leases | 100% Occupied | Brand New Construction | Drive-Thru Equipped
- Located Along State Highway 14 | Centralized Location
- Dense Retail Trade Area | Major Surrounding Shopping Centers
- Direct Residential Consumer Base | Demographics in 5-Mile Trade Area
Executive Summary
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.
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.
Property Facts
Sale Type
Investment
Property Type
Building Size
52,791 SF
Year Built
2024
Price
$15,985,000
Price Per SF
$302.80
Cap Rate
5.75%
NOI
$919,135
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
12.21 AC
Opportunity Zone
Yes
Zoning
FAR - Forestry Agricultural and Recreation
Parking
290 Spaces (5.49 Spaces per 1,000 SF Leased)
Fairly walkable
40/100
Exceptionally drivable
100/100
Nearby Major Retailers
Contacts
-
Frank Rogers -
Lauren Challa -
Michael Carter -
Matthew Mousavi -
Patrick Luther -
SRS Real Estate Partners
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
Grandview Plaza | 1400 Highway 14
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.