For Auction
Asset Snapshot
Investment Highlights
Offering Summary
For Tours prior to auction, please email Kyle.Hynes@marcusmillichap.com & Philip.Kates@marcusmillichap.com
**Tours will not be allowed after auction.
Brokered by Marcus & Millichap and powered by RealINSIGHT Marketplace, 1327-1329 S Brundidge Street in Troy, Alabama is a ±54,808-square-foot value-add retail center offering in-place income and substantial lease-up potential. The Property is ±16.47% occupied by Dollar Tree, which leases 9,027 SF and generates approximately $76.5K in annual base rent plus reimbursements, while the adjacent ±45,781-square-foot former Big Lots provides a large second-generation vacancy for repositioning. Situated on ±5.052 acres, the site includes 253 parking spaces, a loading area, pylon and façade signage, and three points of ingress/egress. The Property benefits from ±394 feet of frontage along S Brundidge Street at ±11,029 VPD and additional frontage/access along US-231/AL-10 at ±34,020 VPD. C-4 Highway Commercial zoning accommodates a broad range of commercial uses, subject to applicable approvals. The surrounding corridor includes national retailers, restaurants, and service businesses, while Troy University adds approximately 14,400 students plus faculty, staff, athletics, and visitor traffic. Within five miles, the trade area includes ±19,484 residents with average household income of ±$72,214. CoStar estimates Troy retail asking rents at approximately $15-$18/SF NNN, highlighting the income-growth opportunity through lease-up of the former Big Lots space.
Due Diligence
Location
Troy is the Pike County seat and a regional commercial, education, and employment hub in southeastern Alabama. US-231/AL-10 connects the city with Montgomery and Dothan, each about one hour away. Troy University, major manufacturers, healthcare, logistics employers, and a concentrated retail corridor expand demand beyond the city's permanent population.
Transaction Managers
Platform Fee
Buyer pays a minimum platform fee of 5% or $25,000 at closing.
How it Works
Learn about bidding, reserve prices, and closing.
Read the auction guideAuctioneer
Need Help?
Your transaction managers are your first point of contact for any auction or process questions. For additional support:
Investment Sales Brokers
Disclaimers
The information being provided herein is for informational purposes only. No representation or warranty is made as to the accuracy or completeness of any information contained herein, including, without limitation, any information regarding the condition of the Property, the condition of title or Property descriptions. Any documents and/or pictures posted herein or elsewhere on the RealINSIGHT Marketplace (the "Website") are for informational purposes only, and may not represent the current condition of the Property or the condition of the Property at the time of sale. The posting of pictures herein or elsewhere on the Website does not constitute a guarantee that any items represented in the pictures will be present when the buyer takes possession of the Property. You are encouraged to conduct your own due diligence and investigate all matters relating to the Property. It is recommended that you seek independent advice, including legal advice, to perform your due diligence and that you use good faith efforts in determining that the content of all information provided to or obtained by you is accurate.
