Alexander City, Alabama

Highlights

Cross Streets: U.S. Highway 280 and Cherokee Road

Market: Alexander City and Lake Martin

Total Gross Leasable Area: 68,291 Sq. Ft.

Projected Opening Date: Spring 2023

The Development: Grocery and Fashion anchored center coming to the Alexander City and Lake Martin Area. It is strategically positioned off U.S. Highway 280.

The Outparcels: Surrounding the development are 7 outparcels. Average outparcel size is +/- 1.16 acres.

Major Area Employers: SL Alabama, Russell Medical Center, Russell Lands, Russell Brands, Walmart Supercenter, and Alexander City Board of Education

Market Information

  • Alexander City is located on the shores of beautiful Lake Martin, a 44,000-acre freshwater lake with 750 miles of shoreline, luxury homes, condominiums, cabins, restaurants and marinas.
  • Russell Lands is the largest recreational developer in Alabama and has developed a premier lake community in the area. They have also announced the construction of a new golf course that will be the defining centerpiece for Lake Martin’s luxury newest luxury residential development, The Heritage. The new golf course has an estimated completion of early 2023.
  • Russell Medical Center located in Alexander City was voted a Top 100 Hospitals in the United States by the Thompson Reuters Report. Russell Medical Center houses a cancer center, a rehabilitation wing, a professional office building and 81 private room beds.
  • Central Alabama Community College (CACC) is located in Alexander City and has over 2,500 students enrolled.
  • Alexander City is home to Wind Creek State Park which covers 1,445 acres and hosts over 252,000 visitors each year.
  • An average of 25,000 vehicles pass through the site crossroads which links Birmingham, Alabama to Lake Martin and Auburn University.
  • Alexander City is located in Tallapoosa County and is the closest major city to Lake Martin which has over 9,000 households.
  • Lake Martin real estate is valued at over $4.7 billion dollars and is projected to see over 4,000 new homes built over the course of the next 20 years, averaging over 200 homes per year.
  • The new Benjamin Russell High School is being built with a projected completion date of August 2023. The 219,000 square-foot facility will accommodate about 1,500 students.

Demographics

Demographics 10 Mi. Radius 15 Mi. Radius 20 Mi. Radius 10 Min. Drive Time 15 Min. Drive Time 20 Min. Drive Time
2021 Population 24,503 39,347 51,020 14,760 20,677 26,260
2026 Projected Population 24,081 38,990 50,020 14,446 20,677 25,797
2021 Average Household Income $60,777 $60,772 $61,592 $55,282 $59,900 $58,586
2021 Households 10,296 16,713 21,650 6,131 8,664 10,941

Location