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Oxford Shopping Center, Oxford, AL

Oxford Shopping Center

Price $3,630,000
Cap Rate 6.50%
NOI $235,900
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2019
Building Size 7,000 SF
Lot Size 1.33 acres (57,996 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696


Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

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

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

Investment Highlights

100% LEASED MULTI-TENANT RETAIL CENTER
» 100% leased multi-tenant retail center with a synergistic mix of strong national, regional, and local tenants
» Multi-tenant center with strong sales offers investment diversification

HIGH-TRAFFIC LOCATION WITH FREEWAY VISBILITY AND ACCESS
» Excellent visibility from and immediate access to 42,080 vehicles per day on Interstate 20, the primary transportation corridor between Birmingham and Atlanta
» Highly visible location on Oxford Exchange Boulevard, the main entrance road for the Oxford Exchange shopping center

OUTPARCEL TO DOMINANT POWER CENTER IN MAJOR RETAIL HUB
» Outparcel to Oxford Exchange, the dominant retail center in the Oxford market
» Oxford is the only major retail hub between Atlanta and Birmingham
» Oxford Exchange serves a 30-mile trade area with a population of 276,570
» Oxford Exchange features a wide variety of notable national tenants, including Target, Hobby Lobby, Sam’s Club, Home Depot, Dick’s Sporting Goods, Kohl’s, Best
Buy, PetSmart, and many more

AFFLUENT MARKET NEAR IMPORTANT COMMUNITY AMENITIES
» Within walking distance of Choccolocco Park, a new 370-acre sports complex that is expected to be visited by 500,000 people each year, contributing more than $13.5 million to the area’s economy
» At $91,373, the average household income within one mile of the property is higher than state and national averages, while the cost of living is lower than state and national averages



Property Description

The property is strategically located on Oxford Exchange Boulevard, the main entrance road for the Oxford Exchange shopping center. The property enjoys excellent visibility from and immediate access to 42,080 vehicles per day on Interstate 20, the primary transportation corridor between Birmingham and Atlanta. The property is outparcel to Oxford Exchange, the dominant retail center in the Oxford market. Oxford is the only major retail hub between Atlanta and Birmingham, and Oxford Exchange serves a 30-mile trade area with a population of 276,570. Oxford Exchange features a wide variety of notable national tenants, including Target, Hobby Lobby, Sam’s Club, Home Depot, Dick’s Sporting Goods, Kohl’s, Best Buy, PetSmart, Sport Clips, Olive Garden, Starbucks, Office Max, Bed Bath & Beyond, Verizon, and many more.

The property is within walking distance of Choccolocco Park, a new 370-acre sports complex. As an enormous venue for baseball, softball, soccer, and track and field events, the park plays host to collegiate and interscholastic team competitions, amateur athletic events, tournaments, camps, clinics, and other sporting events for athletic teams and organizations of all levels and sizes. Choccolocco Park also features a 29-acre lake, a creek suitable for canoe and kayak float trips, and over three miles of walking trails. Over 500,000 visitors are projected to utilize this facility and its opportunities each year. With each event at the park bringing visitors to the area to restaurants, hotels, and shopping in Oxford, city officials project that Choccolocco Park will bring in more than $13.5 million annually. Additionally, the property is just a short distance from the award-winning Cider Ridge Golf Club, widely known as one of Alabama’s best golf courses. The property is also supported by a wealthy customer base; at $91,373, the average household income within one mile of the property is higher than state and national averages, while the cost of living is lower than state and national averages.

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