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Village @ Crosswinds 3462 Crosswind Dr 13,441 SF 100% Leased Retail Building Phenix City, AL 36869 $4,573,000 ($340.23/SF) 6.50% Cap Rate
INVESTMENT HIGHLIGHTS
- New Construction | Fully Stabilized Center
- Prime Retail Location | Highly Attractive Adjacent Retail
- Strong Regional Fundamentals
- Strong and Diverse Tenant Mix | Long Term Leases In Place
- High-Traffic Trade Area | Surrounding Demand Drivers
- Growing Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
13,441 SF
Building Class
B
Year Built
2020
Price
$4,573,000
Price Per SF
$340.23
Cap Rate
6.50%
NOI
$297,243
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.14
Lot Size
2.14 AC
Zoning
C4 - Commercial
Parking
70 Spaces (5.21 Spaces per 1,000 SF Leased)
Frontage
1,000’ on Hwy 431
AMENITIES
- 24 Hour Access
- Corner Lot
- Dedicated Turn Lane
- Freeway Visibility
- Restaurant
- Signage
PROPERTY TAXES
| Parcel Number | 05-08-33-02-002-001.000 | Improvements Assessment | $0 |
| Land Assessment | $59,670 | Total Assessment | $59,670 |
PROPERTY TAXES
Parcel Number
05-08-33-02-002-001.000
Land Assessment
$59,670
Improvements Assessment
$0
Total Assessment
$59,670
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Village @ Crosswinds | 3462 Crosswind Dr
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