Grocery-Anchored Center for Sale at Mobile’s Premier Retail Intersection

Tuesday, June 11, 2019

Holliday Fenoglio Fowler, L.P. (HFF), on behalf of the owner, is marketing a 248,485-square-foot, grocery-anchored retail center for sale strategically located at the “main and main” intersection of the most desirable retail submarket in Mobile, Alabama. Westwood Plaza features a superior lineup of national and regional tenants, including Rouses Market, Hobby Lobby, Ross Dress for Less, OfficeMax, PetSmart and Ulta Beauty, and is shadowed by one of the top-performing Walmart Supercenters in the state of Alabama. Additionally, the fully stabilized property is located immediately adjacent to a Qualified Opportunity Zone.

Westwood Plaza commands a super-regional draw due to the submarket’s critical mass of retail, proximity to both Mobile Regional Airport and Interstate 65 and its position near two of the region’s top economic drivers, University of South Alabama and Providence Hospital. Additionally, significant residential growth in the immediate trade area solidifies Westwood Plaza as the epicenter of retail concentration in West Mobile. 

The Mobile MSA has more than 415,000 residents and is the third largest metro area in Alabama. Mobile is ranked as one of the nation’s top metro areas with a diverse and robust economy that has attracted both domestic and international corporate investments. More than 47,000 residents earning an average annual household income of $77,256 live within a three-mile radius of Westwood Plaza.

Westwood Plaza Investment Highlights

  • Prime location and generational real estate
  • Anchored by dominant regional grocer
  • Diversified national / regional tenant mix
  • Opportunity Zone adjacent to property
  • Mobile MSA – diversified and thriving economy

Westwood Plaza offers investors a unique opportunity to acquire a fully stabilized asset with significant income security in one of Alabama’s fastest growing metro areas. For more information on this commercial property for sale in Mobile, Alabama, or other available retail properties in the southeast, please contact Jim Hamilton, Mike Allison or Brad Buchanan in HFF’s Atlanta office. Click here for our real estate investment sales search page. 

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