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Atlanta & Southeast  + Southeast  + Retail  | 

SRS Brokers $10M Sale of Tuscaloosa Retail Property

SRS Real Estate Partners’ National Net Lease Group has brokered the $10.2 million sale of a single-tenant, 41,921-square-foot retail property in Tuscaloosa. Located at 4201 Hargrove Road East, the property is occupied by Walmart Neighborhood Market. The property was built in 2015 and includes a gas station with 12 fuel pumps.

Dan Elliot and Sean Lutz of SRS’ Chicago office represented the seller, a private investor, in the transaction. The buyer was a Miami-based investor in a 1031 exchange.

“Walmart-occupied retail assets are highly sought after by a wide range of investors. We marketed this opportunity as a well-located trophy property with a corporate-guaranteed lease with 10 years remaining,” said Lutz. “This was an ideal situation for the buyer who was seeking no landlord responsibilities, an asset occupied by an essential tenant, and a long-term hold.”

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.

  • ◦Sale/Acquisition
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