Property tours are available by appointment ONLY. Please contact Chapman Brown to schedule at chapman.brown@marcusmillichap.com or 205-510-9123. Investment Highlights: Absolute Auction – 1st Bid meets Reserve! Former Dollar General with HUGE value-add potential through lease-up at market rates Total Specified Consumer Spending (2016) of $267,560,000 within 5-mile radius Great location with easy access to 441 (±1.4 miles) and I431 (±1.4 miles) Located within ±5 miles from the largest employers in the area; Goodyear Tire Company and Gadsden Regional Medical Center Investment Overview: The former Dollar General is a vacant, freestanding retail building located at 2110 Ewing Avenue in Gadsden, AL (Birmingham MSA). The Property consists of a single-story, free-standing, retail building with ±7,762 GLA in shell condition. The building is situated on a ±1.07 AC parcel with 37 parking spaces. This Property offers investors an opportunity to purchase this vacant building at a significant discount with a HUGE value add opportunity through lease-up at market rates. Gadsden and the communities of Etowah County are ideally located at the foot of Lookout Mountain, close to Birmingham, Chattanooga, and Atlanta. According to Area Development magazine, among Alabama’s 11 metro areas, Gadsden ranked #2 in manufacturing job growth as a percentage of population, #3 in employment growth as a percentage of population and #3 in reduction in local unemployment rate. The Gadsden Commercial Development Authority revealed that the Gadsden area is a regionally located municipality that draws consumers from Calhoun, Cherokee, DeKalb, Marshall and Blount counties and draws from a radius of 35 miles, comprised of over ±470,000 residents. Within a 5-mile radius, this retail Property had a total specified consumer spending in 2016 of $267,560,000. This former Dollar General is located only ±4.5 miles from to the largest employer in the Gadsden regional area is the Goodyear Tire Company, and ±5 miles from the second largest employer in the area is Gadsden Regional Medical Center. Located ±5 miles from the Property is Rivertrace on Meighan Boulevard a new, ±200,000 SF, retail development with about 25 national retailers and F&B options and a dense retail node including Wal-Mart, TJ Maxx, Old Navy and Petco. The Property offers ±125 ft of road frontage with great visibility and easy access to major area expressways including 441 (±1.4 miles) and I431 (±1.4 miles). This opportunity gives potential investors the ability to acquire at significant discount with huge value-add potential in the Birmingham MSA.
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