Cap Rate: 6.00%
Net Operating Income: $347,760
Total Square Footage: 62,506
Lot Size: 5.65 AC
The Kase Group is pleased to offer the opportunity to acquire a strip center in Anniston, Alabama. The 5.6 acre mixed-use infill development is located on a major commercial thoroughfare, and is shadow-anchored by a 24-hour Walmart Supercenter. The Tenants include Tractor Supply Co., Napa Auto Parts, CATO and Dollar Tree, with one vacant unit (88% occupied). The site benefits from excellent visibility from McClellan Blvd and receives a high volume of traffic (34,000 VPD). The tenants also benefit from neighboring retailersin addition to Walmart, including McDonald’s, Krystal, Verizon and Murphy USA.
Anniston is the county seat of Calhoun County in Alabama and is one of two urban centers/principal cities of and included in the Anniston-Oxford Metropolitan Statistical Area. As of the 2010 census, the population of the city was 23,106. According to 2019 Census estimates, the city had a population of 21,287.
Named “The Model City” by Atlanta newspaperman Henry W. Grady for its careful planning in the late 19th century, the city is situated on the slope of Blue Mountain.