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3207-3209 Martin Luther King Jr Pky S
Phenix City, AL 36869
Retail Property For Sale
Investment Highlights
- The Village at Crosswinds is a ±22-acre development that will include ±53,500 square feet of retail space with 6 outparcels.
- Dollar General has been operating at the subject property for over 20 years, and Verizon has been in place since 2014.
- With Dollar General in their final year of base term, new ownership has the chance to reset base rent and upgrade reimbursements.
- Notable existing tenants include Renfroe’s Market and Marco’s Pizza. Some planned tenants include Wendy’s, Circle K, and RaceTrac.
- Value-Add with Corporate Leases – Verizon executed their final option in 2023.
- With both buildings sitting on the same parcel, new ownership can come in and subdivide the parcel and hold for security or sell to reduce cost basis.
Property Facts
Property Type
Retail
Property Subtype
Freestanding
Building Size
13,014 SF
Building Class
C
Year Built
2003
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.18
Lot Size
1.62 AC
Zoning
O
Frontage
Amenities
- Pylon Sign
- Tenant Controlled HVAC
- Wheelchair Accessible
- Air Conditioning
Property Taxes
| Parcel Number | 05-08-33-02-003-001.007 | Improvements Assessment | $109,020 |
| Land Assessment | $19,740 | Total Assessment | $128,760 |
Property Taxes
Parcel Number
05-08-33-02-003-001.007
Land Assessment
$19,740
Improvements Assessment
$109,020
Total Assessment
$128,760
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