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Virtual Drive-By

Publix Multi-tenant

1400 AL-14 · Millbrook, AL 36054 · Grocery / Big Box

Asking price
$15,985,000
Cap rate
5.75%
NOI
$919,135

Need financing on this deal

We run the asking price and cap rate against a network of 7,000+ lenders to return indicative terms, then package a lender memorandum. Takes about two minutes and we will need your target leverage and timing.

Lease

Lease type—
Term remaining—
Expiration—
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Ground lease—
Credit profile—
TenancyMulti

Planning a 1031 Exchange

Give us your relinquished sale close date and we will calculate your 45-day identification and 180-day closing deadlines, track the clock, and surface matching inventory before it expires. We coordinate directly with your Qualified Intermediary and can introduce one if you have not yet engaged an exchange accommodator. Investment Grade does not provide tax or legal advice.

Property

Building SF52,791
Price / SF$303
Year built2024
Lot size12.21 ac
TypeGrocery Store, Shopping Center, Storefront
Days on market118

Need year-one bonus depreciation

Building age, size and improvement mix drive how much of this asset a cost segregation study can accelerate into year one. Tell us your tax year and entity and we will model the deduction.

Investment highlights

  • ​Publix Anchored Center | Newly Signed, Long-Term Leases | 100% Occupied | Brand New Construction | Drive-Thru Equipped
  • ​Dense Retail Trade Area | Major Surrounding Shopping Centers
  • ​Located Along State Highway 14 | Centralized Location
  • ​Direct Residential Consumer Base |Demographics in 5-Mile Trade Area

Property overview

Grandview Plaza is strategically located along State Highway 14 with clear visibility and access to an average of 33,200 vehicles passing daily.​ The property also benefits from nearby access onto Interstate 65 (45,600 VPD) and U.​S.​ Highway 31 (21,200 VPD), making it a centralized location with easy access.​ The property is ideally situated within a dense retail trade area and is adjacent to a Walmart-anchored center.​ The additional surrounding shopping centers include Prattville Towne Center (384K+ SF), High Point Town Center (651K+ SF), The Exchange at HomePlace (252K+ SF), Premiere Place (428K+ SF), and others.​ The nearby tenants include ALDI, Harbor Freight, Lowe’s, Home Depot, Target, Bass Pro Shops, AutoZone, and many others.​ The strong national tenant presence drives a steady stream of loyal, local consumers to the area, promoting crossover exposure and contributing to the local economy.​ Furthermore, the property is near numerous single-family communities and multi-family complexes including Village at Mill Creek (56 units), The Point at Fairview (192 units), Grandview Pointe at Millbrook (240 units), and others, providing a direct residential consumer base.​ The

5-mile trade area is supported by over 58,800 residents and 17,600 daytime employees, with a healthy average household income of $94,005.​

Take the next step on this property

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Asking-market observation aggregated from public listing sources, last observed Sep 25, 2026. Figures are asking price and asking cap rate as published by the listing party, not a verified closed transaction. Lease terms shown where reported by the listing party and not independently verified. Shown for market reference only; this is not an offering. Investment Grade Income Property, LP represents buyers on a cooperating commission basis.