Strong-Performing Winn-Dixie Center | 2555 Viking Dr E
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Strong-Performing Winn-Dixie Center 2555 Viking Dr E
69,700 SF 91% Leased Retail Building Jasper, AL 35501 For Sale
Investment Highlights
- Corporately guaranteed leases | 100% of the occupied spaces contain leases with corporate entities
- Opportunity for immediate upside | 6,300 SF (3 units) is currently vacant, leaving an opportunity to immediately lease up the spaces and increase NOI
- Excellent access and visibility from Highway 78 (aka State Route 5) and Viking Drive | Combined ±66,500 VPD
- Grocer-anchored center | Winn-Dixie accounts for 64% of the total current rental income
- Cheap rents | The investment is averaging about $9.20/SF in rent
- Located about a block from several new or upcoming developments including a Take 5 Car Wash, Starbucks, Whataburger, and Mavis Discount Tire
Executive Summary
• Corporately guaranteed leases | 100% of the occupied spaces contain leases with corporate entities
• Grocer-anchored center | Winn-Dixie accounts for 64% of the total current rental income
• The center is currently 91% leased
• Opportunity for immediate upside | 6,300 SF (3 units) of the investment is currently vacant, leaving an investor with the opportunity to immediately lease up the spaces and increase the NOI of that asset
• Recent lease extensions | Winn-Dixie, Aaron’s, Drayer Physical Therapy, ALFA Insurance, Advance America, and OneMain Financial recently extended their leases
• Cheap rents | The investment is averaging about $9.20/SF in rent
• Long-term operating history | Winn-Dixie has been at this location for over 27 years
• Excellent access and visibility from Highway 78 (aka State Route 5) and Viking Drive | Combined ±66,500 VPD
• Located about a block from several new or upcoming developments including a Take 5 Car Wash, Starbucks, Whataburger, and Mavis
Discount Tire | Speak with Agent for details
• Site is walking distance from:
– Walker Baptist Medical Center | 267-bed acute care hospital
– Jasper High School | 814 students
– A Walmart Supercenter-anchored shopping center
– A Home Depot-anchored shopping center
– Several car dealerships including Toyota, Ford, Honda, Chrysler, Dodge, Jeep, & Ram
• About 1.5 miles from:
– Jasper Mall | 350,000 SF mall anchored by Belk and soon-to-be Rural King
– Jasper Square | A Hobby Lobby & T.J. Maxx-anchored shopping center
– Jasper Marketplace | A Planet Fitness & Barry’s Furniture-anchored shopping center
• Winn-Dixie was recently acquired by ALDI | Click here for more info
• Grocer-anchored center | Winn-Dixie accounts for 64% of the total current rental income
• The center is currently 91% leased
• Opportunity for immediate upside | 6,300 SF (3 units) of the investment is currently vacant, leaving an investor with the opportunity to immediately lease up the spaces and increase the NOI of that asset
• Recent lease extensions | Winn-Dixie, Aaron’s, Drayer Physical Therapy, ALFA Insurance, Advance America, and OneMain Financial recently extended their leases
• Cheap rents | The investment is averaging about $9.20/SF in rent
• Long-term operating history | Winn-Dixie has been at this location for over 27 years
• Excellent access and visibility from Highway 78 (aka State Route 5) and Viking Drive | Combined ±66,500 VPD
• Located about a block from several new or upcoming developments including a Take 5 Car Wash, Starbucks, Whataburger, and Mavis
Discount Tire | Speak with Agent for details
• Site is walking distance from:
– Walker Baptist Medical Center | 267-bed acute care hospital
– Jasper High School | 814 students
– A Walmart Supercenter-anchored shopping center
– A Home Depot-anchored shopping center
– Several car dealerships including Toyota, Ford, Honda, Chrysler, Dodge, Jeep, & Ram
• About 1.5 miles from:
– Jasper Mall | 350,000 SF mall anchored by Belk and soon-to-be Rural King
– Jasper Square | A Hobby Lobby & T.J. Maxx-anchored shopping center
– Jasper Marketplace | A Planet Fitness & Barry’s Furniture-anchored shopping center
• Winn-Dixie was recently acquired by ALDI | Click here for more info
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
69,700 SF
Building Class
C
Year Built
1991
NOI
$612,354
Percent Leased
91%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
2 Exterior
Building FAR
0.23
Lot Size
7.10 AC
Zoning
OT
Parking
360 Spaces (5.16 Spaces per 1,000 SF Leased)
Frontage
289 FT on Us-78 Hwy
Amenities
- Pylon Sign
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-01-11-3-301-001-0000 | Improvements Assessment | $15,280 |
| Land Assessment | $110,840 | Total Assessment | $126,120 |
PROPERTY TAXES
Parcel Number
17-01-11-3-301-001-0000
Land Assessment
$110,840
Improvements Assessment
$15,280
Total Assessment
$126,120
Contacts
-
Robert Vasiliavitchious -
Aron Cline -
George Gomez -
Matt Coates -
Rad Werssowetz -
Berkeley Capital Advisors
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Strong-Performing Winn-Dixie Center | 2555 Viking Dr E
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