509 Highway 119 S is in Southbrook Village at the intersection of Highway 119 S and Route 31. The subject property is a former grocery store with two rear loading docks. Building signage and the top, most significant position on the pylon sign are both visible to 18,994 vehicles traveling on Highway 119 S each day. Southbrook Village is home to a diverse mix of tenants with shopping, dining, personal services, and entertainment businesses drawing in regular traffic to the center. Dollar General currently anchors the center; however, 509 Highway 119 S offers anchor potential as it is the largest space in the center. This property benefits from its proximity to surrounding shopping centers such as Promenade Alabaster just under two miles away, home to national brands like Target, Bed Bath & Beyond, T.J. Maxx, and Steak 'n Shake. 509 Highway 119 S is also a half-mile away from the District 31 development, which is already home to Whataburger and will feature a Hobby Lobby. The property also benefits from its location along Route 31, Alabaster's main arterial, which is home to an array of national and local retailers. 509 Highway 119 S is in Alabaster, Alabama, which sits on Interstate 65 just 20 miles south of downtown Birmingham and less than an hour from Montgomery, making it the heart of Alabama between the state's largest city and the capital. This location provides access to a high-density corridor of travelers and residents. The city has grown more than 63% in the last ten years, with 66,179 residents in a 5-mile radius and an average household income of $85,495. The local population combines with the 24,748 employees for a total consumer spending of $693.88-million, with $181-million spent on food and alcohol. In recent surveys conducted by the City of Alabaster, residents have cited retail and restaurants as areas they would like to see developed, making this a perfect opportunity to meet the growing demand in this location.
