Publix + Shops (9,800 SF of Shops)

2040-2048 Martin Street South - Pell City Alabama 35128

LTV (Loan to Value)	65.00%	Current NOI	$591,648.00
Interest Rate	4.250%	Capital Rate	6.000%
Fixed Term	10 Years	Land Area	+/-8.510 Acres
Amortization	25 Years	Lease Type	NN
Loan Amount	$6,409,520.00	Property Type	Retail
Payment	$34,722.81	Property Lease	Grocery
Bulding Size	0 SF	Remaining Terms

Location Description

NNN Lenders is pleased to exclusively offer for sale to qualified investors, the opportunity to purchase a 100% occupied, fee-simple interest in a Seven (7) Tenant Grocery-Anchored Shopping Center anchored by Publix Super Markets, Inc. located at 2040-2048 Martin Street South in Pell City, Alabama (the “Property”).

Highlights

Class A, Grocery-Anchored Retail Asset – Seven (7) Tenant retail center anchored by Publix Super Markets, Inc. Publix is the…

Property Description

Pell City is a city in St. Clair County, Alabama, located on the shores of beautiful Lake Logan Martin and Interstate 20 in the vital Atlanta – Birmingham corridor. Birmingham, located only 33 miles west of Pell City, allows easy access to all of the major markets in the Southeast. Between 2000 and 2010 Pell City had a population growth of 31% bringing the population to 12,723 in 2010. Being one of the fastest growing communities in Alabama, it offers amenities found in much larger cities while retaining that small town feel. Downtown is full of specialty shops, professional offices, an art gallery and even loft apartments. Thriving commercial districts line either side of U.S. 231, a major thoroughfare running through the heart of the city, and just north of Interstate 20, which connects Atlanta and Birmingham.