Join Our Email List

x
Email Capture
Sending
By submitting, you're allowing YAFC Team to email you regarding available listings. You can unsubscribe anytime.

Submit Your 1031 Exchange Requirements

x
1031 Exchange
Sending

Aspen Dental & T-Mobile, Enterprise, AL

Aspen Dental & T-Mobile

Enterprise, AL

Price $2,550,000
Cap Rate 7.00%
NOI $178,500
Lease Term Various
Lease Type NNN
Rental Increases Various
Year Built 2018
Building Size 5,250 SF
Lot Size 0.56 Acres (24,285 SF)
Status Available
Lead Broker Information Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEWLY CONTRACTED BUILDING WITH NOTABLE, NATIONAL TENANTS
» Aspen Dental is on a 10-year lease and CE Workforce (T-Mobile) is on a 7-year lease
» CE Workforce has a systematic growth strategy and is backed by the private equity company Grain Management, with $1.2 billion under management

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Excellent visibility and access to 25,470 vehicles per day directly in front of the property on Boll Weevil Circle, Enterprise’s primary retail corridor
» Outparcel to Westgate Center, a shopping plaza featuring notable retailers like Piggly Wiggly, Sears Hometown Store, Fred’s, Beef ‘O’ Brady’s, Verizon, Ruby Tuesday, Rent-A-Center, Regions Bank, and many others
» Directly across from Enterprise Shopping Center, tenanted by JCPenney, Big Lots, T.J. Maxx, Cato, Hibbett Sports, Burkes Outlet, and Cricket Wireless
» Within walking distance of shopping centers anchored by Walmart Supercenter, Publix, and Harbor Freight Tools

CENTRAL LOCATION
» Less than two miles from downtown Enterprise and Enterprise State Community College, which has 2,333 students at its main Enterprise campus
» Just over one mile from Hillcrest Elementary School (814 students) and just over two miles from Enterprise High School (2,162 students)
» Minutes from Fort Rucker, which serves as an economic hub for the surrounding region

NEW 2018 CONSTRUCTION
» High-quality construction completed in 2018
» Features tenants’ latest prototypes and store designs
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located on Boll Weevil Circle, Enterprise’s primary retail corridor, with excellent visibility and access to 25,470 vehicles per day directly in front of the property. The property is outparcel to Westgate Center, a shopping plaza featuring notable retailers like Piggly Wiggly, Sears Hometown Store, Fred’s, Beef ‘O’ Brady’s, Verizon, Ruby Tuesday, Rent-A-Center, Regions Bank, and many others. Additionally, the property is directly across from Enterprise Shopping Center, tenanted by JCPenney, Big Lots, T.J. Maxx, Cato, Hibbett Sports, Burkes Outlet, and Cricket Wireless. The property is also within walking distance of shopping centers anchored by Walmart Supercenter, Publix, and Harbor Freight Tools. Other major retailers in the nearby area include Walgreens, Office Depot, Dollar General, Planet Fitness, McDonald’s, Sonic, Rite Aid, and several car dealerships.

The property is centrally located less than two miles from downtown Enterprise and Enterprise State Community College, which has 2,333 students at its main Enterprise campus. The property is also just over one mile from Hillcrest Elementary School (814 students) and just over two miles from Enterprise High School (2,162 students). Additionally, the property is approximately six miles from Fort Rucker, which serves as an economic hub for the surrounding region.

Contact Us About This Property

Vince Form
Sending
JOIN OUR
EMAIL LIST
SUBSCRIBE
Receive Our Latest Single and Multi-Tenant Listings
close-link