Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A
Asking Price Contact for pricing
NOI Net Operating Income N/A
Cap Rate N/A

Key Facts

Year Built 1979
Building Area
Occupancy 100.0 %

Property Description

Shops at Cullman is a 88,514 SF multi-anchor retail center located in the established retail corridor of Cullman that draws from an extended trade area. Shops at Cullman offers a secure income stream with three national retailers boasting a weighted average lease term remaining of nearly 9 years. The nearest competing location for the anchors at Shops of Cullman are located an average distance of 26 miles away. The recently redeveloped Property will require minimal deferred maintenance and offers a significant discount to replacement cost.

Investment Highlights

  • Jones Lang LaSalle IP, Inc. ("JLL"), is pleased to exclusively offer for sale Shops at Cullman, a 88,514 SF retail center located in Cullman, AL, an established submarket centrally located between Birmingham and Huntsville, the two most populous cities in the state of Alabama. Shops at Cullman benefits from super regional drawing power across an extended trade area of approximately 25 miles and is fully occupied by three national retailers - Planet Fitness, Tractor Supply Company and Bargain Hunt. Shops at Cullman was recently redeveloped in 2017 from a former freestanding Kmart center and benefits from a strong weighted average term remaining of nearly 9 years.
  • JLL is offering a Co-Broker fee as part of this investment opportunity - please reach out to the JLL Deal Team for more detail regarding the Co-Broker fee.
Last Updated Date: 08 Jul 2020
Brad Buchanan
Brad Buchanan
Director, Capital Markets
License details
351151 79504
Michael Allison
Director

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Last Updated Date: 08 Jul 2020

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