Winn-Dixie Pharmacy sells for $2,079,000 in Atmore, AL

Challenge

The sale of the single-tenant-net-leased Winn-Dixie asset in Atmore, AL, presented unique challenges for our agents. Despite the property’s absolute NNN lease with Winn-Dixie and recent 5-year renewal, several hurdles needed addressing. Situated in a tertiary market outside Mobile, the property faced location constraints. Additionally, the dated building, façade, and property, coupled with a short remaining lease term of 3.5 years, added challenges to the transaction.

Strategy

In selling this single-tenant-net-leased Winn-Dixie property, our Southeast Investment Sales Team demonstrated their exceptional talent for identifying niche buyers. Despite the challenges of locating a buyer comfortable with a Winn-Dixie store in a tertiary Alabama market with a short lease term, we leveraged out extensive industry relationships to achieve success. By engaging our vast buyer network, we ensured maximum exposure for the property. We specifically targeted top Winn-Dixie buyers and investors who showed interest in similar assets.

Results

Within a short timeframe, we secured a contract with a well-suited buyer who quickly closed the deal, facilitated by their strong relationship with Winn-Dixie. Our agents’ strategic approach and dedication to delivering exceptional results underscore our commitment to achieving success for our clients, even in challenging market conditions.

Disclaimer: This deal was not closed through Matthews Real Estate Investment Services™.