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4812 Highway 280
Alexander City, AL 35010
The Gateway At Lake Martin | Alexander City · Retail Property For Sale


EXECUTIVE SUMMARY
CLASS-A NEW CONSTRUCTION | PUBLIX-ANCHORED CENTER
• 93,352 SF Publix-anchored shopping center, newly constructed and positioned in one of the Southeast’s most affluent second-home and vacation markets
• 94% of GLA is leased to strong regional & credit-rated national tenants, providing stable, long-term income. The only local tenant expanded into additional space in 2025, underscoring the site’s strong performance
• Serves a 65+ mile regional trade area with consistent economic activity, benefiting from Lake Martin’s $3.4 billion total economic impact, supporting 3,100+ jobs, and generating $89M+ in annual retail spending
• Minimal grocery competition—only Aldi, Piggly Wiggly, and Walmart operate in the trade area—ensures Publix’s long-term dominance
• Premier visibility and access at the intersection of Highway 280 (Birmingham–Columbus corridor) and Highway 63 (primary Lake Martin artery)
• UPSIDE POTENTIAL — Four additional outparcels available as a separate purchase, offering flexibility and future value-add opportunities
LAKE MARTIN | PREMIER SOUTHEASTERN VACATION DESTINATION
• Recognized as one of the Southeast’s premier luxury lake markets, attracting affluent families from Birmingham, Montgomery, Auburn, Columbus, and Atlanta
• Closest full-service grocery center to exclusive golf and lakefront communities, including Willow Point, Wicker Point, and The Heritage at Lake Martin
• High barriers to entry—Publix faces only limited competition from Aldi, Piggly Wiggly, and Walmart, reinforcing tenant success and lease durability
• Lakefront real estate remains exceptionally strong, with average home sales of $1.3M in 2023 and numerous estates selling above $5M
TENANT SPOTLIGHT
• Publix – Hand-selected this site as the premier grocery location for Lake Martin; operates 1,400+ stores across the Southeast; employee-owned; reported $59.7B in 2024 sales, a 33% increase since 2020, with no long-term debt
• Marshalls (TJX, NYSE: TJX) – Fortune 100 off-price leader; generated $57.93B in revenue in 2024, up nearly 30% since 2020; operates 1,230+ U.S. stores, known for its high-traffic “treasure hunt” shopping experience
• Starbucks (NASDAQ: SBUX) – World’s leading specialty coffee brand with 38,000+ stores globally; generated $36B in FY2024 revenue; top U.S. drive-thru coffee destination driving daily repeat traffic
• Rack Room Shoes – National family footwear retailer with 500+ U.S. stores; owned by Deichmann Group, Europe’s largest shoe retailer ($8B+ annual revenue); sells large national brands like Nike, Adidas, and Crocs
• Barberitos – Southeast-based fast-casual Mexican chain with 50+ locations; positioned within the $83B U.S. fast-casual dining sector; provides a daily-use dining option complementing Publix and Starbucks
• Nail Salon (Local Operator) – Established local operator; part of the $60B U.S. nail & spa industry; expanded into adjacent space in 2025, underscoring strong sales and long-term commitment
• 93,352 SF Publix-anchored shopping center, newly constructed and positioned in one of the Southeast’s most affluent second-home and vacation markets
• 94% of GLA is leased to strong regional & credit-rated national tenants, providing stable, long-term income. The only local tenant expanded into additional space in 2025, underscoring the site’s strong performance
• Serves a 65+ mile regional trade area with consistent economic activity, benefiting from Lake Martin’s $3.4 billion total economic impact, supporting 3,100+ jobs, and generating $89M+ in annual retail spending
• Minimal grocery competition—only Aldi, Piggly Wiggly, and Walmart operate in the trade area—ensures Publix’s long-term dominance
• Premier visibility and access at the intersection of Highway 280 (Birmingham–Columbus corridor) and Highway 63 (primary Lake Martin artery)
• UPSIDE POTENTIAL — Four additional outparcels available as a separate purchase, offering flexibility and future value-add opportunities
LAKE MARTIN | PREMIER SOUTHEASTERN VACATION DESTINATION
• Recognized as one of the Southeast’s premier luxury lake markets, attracting affluent families from Birmingham, Montgomery, Auburn, Columbus, and Atlanta
• Closest full-service grocery center to exclusive golf and lakefront communities, including Willow Point, Wicker Point, and The Heritage at Lake Martin
• High barriers to entry—Publix faces only limited competition from Aldi, Piggly Wiggly, and Walmart, reinforcing tenant success and lease durability
• Lakefront real estate remains exceptionally strong, with average home sales of $1.3M in 2023 and numerous estates selling above $5M
TENANT SPOTLIGHT
• Publix – Hand-selected this site as the premier grocery location for Lake Martin; operates 1,400+ stores across the Southeast; employee-owned; reported $59.7B in 2024 sales, a 33% increase since 2020, with no long-term debt
• Marshalls (TJX, NYSE: TJX) – Fortune 100 off-price leader; generated $57.93B in revenue in 2024, up nearly 30% since 2020; operates 1,230+ U.S. stores, known for its high-traffic “treasure hunt” shopping experience
• Starbucks (NASDAQ: SBUX) – World’s leading specialty coffee brand with 38,000+ stores globally; generated $36B in FY2024 revenue; top U.S. drive-thru coffee destination driving daily repeat traffic
• Rack Room Shoes – National family footwear retailer with 500+ U.S. stores; owned by Deichmann Group, Europe’s largest shoe retailer ($8B+ annual revenue); sells large national brands like Nike, Adidas, and Crocs
• Barberitos – Southeast-based fast-casual Mexican chain with 50+ locations; positioned within the $83B U.S. fast-casual dining sector; provides a daily-use dining option complementing Publix and Starbucks
• Nail Salon (Local Operator) – Established local operator; part of the $60B U.S. nail & spa industry; expanded into adjacent space in 2025, underscoring strong sales and long-term commitment
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
93,352 SF
Building Class
B
Year Built
2024
Price
$25,285,000
Price Per SF
$270.86
Cap Rate
6.25%
NOI
$1,580,122
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.07
Lot Size
29.51 AC
Opportunity Zone
Yes
Frontage
1,541’ on U.S. 280
AMENITIES
- Air Conditioning
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $178,460 | |
| Land Assessment | $724,580 | Total Assessment | $903,040 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$724,580
Improvements Assessment
$178,460
Total Assessment
$903,040
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