243 Cox Creek Pky
Florence, AL 35630
Red Lobster · Retail Property For Sale

This Red Lobster is located at 243 Cox Creek Parkway in Florence, Alabama. Florence is a city in Lauderdale County, in the northwest corner of Alabama. The city is also considered as northwestern Alabama’s primary economic hub. A number of tourism events such as the W.C. Handy Music Festival in the summer and the Renaissance Faire in the fall add to the city’s foot traffic and attractiveness all throughout the seasons. Surrounding Retail and Points of Interest The subject property is well-positioned in a dense retail corridor, benefiting from its proximity to major national and local retailers. National retailers include: Walmart, Kohl’s, Home Depot, Sam’s Club, Target, Dick’s Sporting Goods ,TJ Maxx, Office Depot, JCPenney, Best Buy, Five Below, Dollar Tree, Ulta, Finish Line, Rite Aid, Five Guys, Logan’s Roadhouse, Buffalo Wild Wings, Cracker Barrel, Krispy Kreme, LongHorn Steakhouse, Waffle House, Applebee’s, and many more. The University of North Alabama, with annual enrollment exceeding 7,000 students, is within five miles of this Red Lobster location. The subject property is within three miles of Florence High School, who boasts annual enrollment of 948 students. Traffic Counts and Demographics Florence has approximately 49,291 individuals residing within a five-mile radius of the property. The property is located on the Cox Creek Parkway which intersects with Hough Road and Magnum Street which has a traffic count of roughly 22,200 cars daily. Lee Highway is also down the road from the property, and a Walmart sits immediately across the street. Florence, Alabama Florence’s economy is heavily dominated by the industries of Retail, Healthcare, and Manufacturing, which combine to employ over 40% of the region’s working population. In recent years, the city has focused on improving the government’s service to citizens, assessing the most appropriate environment for business development, and making Florence as attractive as possible to present and future citizens. The State of Alabama and The Shoals aggressively recruit new business and industry and work closely with existing companies on expanding their operations. Numerous incentives have been designed to assist these companies. From small manufacturers to larger industries, a number of businesses have found favorable development in this region. Furthermore, the favorable tax environment, reliable energy, available local training resources, competitive wage rates, and skilled local workforce enable companies to operate profitably in Northwest Alabama.