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High-Performing Freestanding Publix 2614 S McKenzie St 48,387 SF Retail Building Foley, AL 36535 $10,908,000 ($225.43/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- High-Performing Freestanding Publix with Drive-Thru Pharmacy, 14 Yrs. Remaining on Lease
- Excellent Access and Visibility to 38,769 VPD Along Main Retail Artery
- PART OF Foley Riviera Square, IN THE 95th Percentile of Neighborhood Centers Nationwide (Placer.ai)
PROPERTY FACTS Under Contract
Sale Type
Investment NNN
Sale Condition
Build to Suit
Property Type
Retail
Property Subtype
Building Size
48,387 SF
Building Class
B
Year Built
2019
Price
$10,908,000
Price Per SF
$225.43
Cap Rate
5.50%
NOI
$599,945
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
6.69 AC
Opportunity Zone
Yes
Parking
244 Spaces (5.04 Spaces per 1,000 SF Leased)
Frontage
283’ on South McKenzie Street
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 61-03-05-4-001-004.000 | Improvements Assessment | $1,458,260 |
| Land Assessment | $0 | Total Assessment | $1,458,260 |
PROPERTY TAXES
Parcel Number
61-03-05-4-001-004.000
Land Assessment
$0
Improvements Assessment
$1,458,260
Total Assessment
$1,458,260
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High-Performing Freestanding Publix | 2614 S McKenzie St
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