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Get In TouchEnterprise Shopping Center | Enterprise, AL
Planet Fitness, USAA Federal Savings Bank
913 Rucker Boulevard, Enterprise, AL, 36330, USA
Sands Investment Group is Pleased to Exclusively Offer For Sale the 53,500 SF Enterprise Shopping Center NNN Asset Located at 913 Rucker Boulevard in Enterprise, AL. This Deal Includes a 2,500 SF Vacancy, Representing Only 5% of the Center’s Gross Leasable Area, Which Offers a Significant Opportunity For Value Enhancement Once the Space is Leased, Providing For a Secure Investment.
- Located in Enterprise, Alabama, a City With a Population of 28,000 and a 1.5% Annual Growth Rate
- The Area Offers Strong Connectivity Via U.S. Highway 84 and Interstate 65, Providing Access to Over 350,000 Residents Within a 30-Minute Drive
- With an Unemployment Rate of 3.2%, Enterprise is a Stable and Growing Market For Retail and Commercial Investment
- Anchored By the Third-Largest Planet Fitness Franchisee, Who Operates Over 160 Health Clubs Across North America, Planet Fitness Stands as the Only National Credit Gym Operator Within the Enterprise Market
- 2,500 SF Vacancy, Representing Only 5% of the Center’s Gross Leasable Area, Offers a Significant Opportunity For Value Enhancement Once the Space is Leased
- Prime Street-Front Visibility Along Rucker Boulevard, Which Sees Approximately 18.8K Vehicles Per Day, Ensuring High Exposure
- Robust Demographics in a Strong Tertiary Market, With 39,000 Residents Within a 5-Mile Radius, Providing a Solid Customer Base
BoR: Andrew Ackerman – Lic. AL #1089690
Planet Fitness, USAA Federal Savings Bank
913 Rucker Boulevard, Enterprise, AL, 36330, USA
PLANET FITNESS
Founded in 1992 in Dover, NH, Planet Fitness is one of the largest and fastest-growing franchisors and operators of fitness centers in the world by number of members and locations. With more than 2,600 locations in all 50 states, the District of Columbia, Puerto Rico, Canada, Panama, Mexico, Australia and Spain. The Company’s mission is to enhance people’s lives by providing a highquality fitness experience in a welcoming, non-intimidating environment, which we call the Judgement Free Zone®. More than 90% of Planet Fitness stores are owned and operated by independent business men and women.
JUST FUN ADVENTURE PARK
Just Fun Adventure Park is an exciting entertainment center located in Enterprise, Alabama. It offers a variety of fun activities for families, children, and groups looking for a good time. The park is known for providing a great atmosphere for birthday parties, group outings, and special events. They also offer food and beverages for visitors to enjoy during their time at the park. Just Fun Adventure Park is an indoor adventure destination boasting over 10,000 square feet of excitement. The park features a variety of thrilling attractions, including: a 3-story playground, a challenging ropes course and the exhilarating wipeout challenge, offering a fun and action-packed experience. In addition, the park has a 5,000 square foot inflatable park.
CREDIT CENTRAL
Credit Central is an installment loan provider and not a payday lender. Credit Central uses its branch network and local community relationships to provide customized financing solutions that include secured personal installment loans and optional products that include credit-related insurance. Each of Credit Central’s loans is carefully underwritten when the loan is made, with such loans requiring monthly payments of principal and interest designed to allow a borrower to fully pay down the loan over a specific period of time, typically nine months. Credit Central has a diversified customer base and a history of delivering consistent cash flows. The company primarily offers short-term loans, installment loans, and other credit products to individuals who may not qualify for traditional bank loans. Credit Central’s goal is to help people meet immediate financial needs, whether it’s for emergencies, medical expenses, or other unexpected costs.
USAA FEDERAL SAVINGS BANK
Founded in 1922 by a group of military officers, USAA is among the leading providers of insurance, banking and retirement solutions and serves more than 13.5 million members of the U.S. military, veterans who have honorably served and their spouses and children. Headquartered in San Antonio, USAA has offices in eight U.S. cities and three overseas locations and employs more than 37,000 people worldwide. Each year, the company contributes to national and local nonprofits in support of military families and communities where employees live and work. USAA Federal Savings Bank does not have traditional branch locations like many other banks. Instead, it operates primarily through online and mobile banking platforms. USAA Federal Savings Bank is a trusted name among military members, offering products and services that cater to their unique circumstances. Through its focus on military families, the bank has built a strong reputation for reliability, customer service, and competitive financial products.
Similar Listings
Price
$5,308,000
Cap Rate
8.50%
PREMISES
53,500 SF
Lease Expiration
Varies
Lease Type
NNN
RENTAL INCREASES
Varies
BROKERS
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Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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