{"id":1004466799,"date":"2020-07-27T06:00:35","date_gmt":"2020-07-27T14:00:35","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004466799"},"modified":"2025-02-26T03:12:21","modified_gmt":"2025-02-26T11:12:21","slug":"srs-real-estate-closes-10m-alabama-walmart-sale","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-closes-10m-alabama-walmart-sale\/","title":{"rendered":"SRS Real Estate Closes $10M Alabama Walmart Sale"},"content":{"rendered":"
\"\"<\/a>

4201 Hargrove Road E. Image courtesy of SRS Real Estate Partners<\/em><\/p><\/div>\n

SRS Real Estate Partners\u2019 National Net Lease Group has closed the $10.3 million disposition of a 41,921-square-foot retail property in Tuscaloosa, Ala. Senior Vice Presidents Dan Elliot and Sean Lutz represented the seller, a private investor. The buyer acquired the asset as part of a 1031 exchange. <\/p>\n

Located just south of Interstate 20 at 4201 Hargrove Road E., the asset is 5 miles from The University of Alabama and DCH Regional Medical Center. The property is within a 5-mile radius of more than 87,000 residents. The single-story building was completed in 2015 on a 7.2-acre site and is fully leased to Walmart Neighborhood Market, which also has an on-site gas station with 12 pumps. According to Lutz, the tenant’s lease has 10 years remaining.<\/p>\n

At the end of June, a different SRS team arranged the $9.2 million sale of part of a nearly 34,000-square-foot shopping center outside Phoenix<\/a> to another 1031 exchange buyer. The deal closed at a cap rate of 6.75.<\/p>\n

If you\u2019d like to be featured in Brokers\u2019 Corner, simply fill in <\/em>our short form<\/em><\/strong><\/a> or send your deal to <\/em>deals@cpe-mhn.com<\/em><\/strong><\/a>.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Senior Vice Presidents Dan Elliot and Sean Lutz represented the seller of the nearly 42,000-square-foot property. <\/p>\n","protected":false},"author":748,"featured_media":1004365520,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21743,21783,21742,21749],"tags":[33536,35484,32917],"class_list":["post-1004466799","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deals","category-investment","category-latest","category-retail","tag-1031-exchange","tag-srs-real-estate-partners","tag-walmart"],"acf":[],"yoast_head":"\nSRS Real Estate Closes $10M Alabama Walmart Sale - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-closes-10m-alabama-walmart-sale\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SRS Real Estate Closes $10M Alabama Walmart Sale\" \/>\n<meta property=\"og:description\" content=\"Senior Vice Presidents Dan Elliot and Sean Lutz represented the seller of the nearly 42,000-square-foot property.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-closes-10m-alabama-walmart-sale\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2020-07-27T14:00:35+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-26T11:12:21+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2019\/11\/CPE-Brokers-Corner-827x400.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"827\" \/>\n\t<meta property=\"og:image:height\" content=\"400\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Lucia Morosanu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-closes-10m-alabama-walmart-sale\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/srs-real-estate-closes-10m-alabama-walmart-sale\/\",\"name\":\"SRS Real Estate Closes $10M Alabama Walmart Sale - 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