INQUIRIESHighlights
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 |
