#United States #Montgomery #First National Realty #Country Club Centre

First National Realty Partners Expands Its Portfolio in Alabama

First National Realty Partners (FNRP), a prominent player in national private equity commercial real estate, has recently completed an acquisition that underscores its growth and strategy in the bustling Sun Belt region. The firm has successfully acquired Country Club Centre, a vital grocery-anchored retail hub located in Montgomery, Alabama.

This new acquisition marks FNRP's fifth property within the state, reflecting the firm's ongoing investment in areas renowned for economic growth and demographic stability. The center is currently 85% leased and serves as a crucial retail destination, anchored by a high-performing Winn-Dixie store that spans 35,922 square feet. Beyond Winn-Dixie, Country Club Centre is home to a diverse array of local and national tenants, including Dollar Tree, Wingstop, Subway, Stay Classy Boutique, and Pro Nails. This mix not only attracts foot traffic but also provides various services to the local community.

Strategically positioned on Carter Hill Road, one of the region's primary east-west arteries, the centre benefits from significant visibility and accessibility with over 29,800 vehicles passing daily. The location is within the historic Old Cloverfield submarket, known for its affluent demographic, featuring some of the highest household incomes in Montgomery County. The surrounding area boasts a population exceeding 71,000, with average household incomes nearing $75,000 within a three-mile radius.

The Vice President of Acquisitions at FNRP, Stuart Brackenridge, expressed enthusiasm about this latest addition to their portfolio. He noted, "We are pleased to expand our presence in Alabama with the acquisition of Country Club Centre. Opportunities to acquire value-add, grocery-anchored centers in strong Sun Belt markets are rare, and we're excited to enhance the property's potential through strategic leasing and management."

With occupancy enhancement opportunities and potential tenant mix optimization, Country Club Centre is perfectly positioned for future growth. FNRP's acquisition strategy emphasizes identifying properties with substantial upside potential, and Country Club Centre aligns well with this vision.

The firm operates with a mission to provide accredited investors access to institutional-quality commercial real estate, specializing in essential properties, including grocery-anchored retail, multifamily units, and industrial spaces across the nation. FNRP manages the entire investment lifecycle of their properties through an in-house integrated platform, ensuring efficient legal, acquisition, and leasing processes.

As an influential player in the commercial real estate sector, FNRP has successfully established a strong presence in the Sun Belt region. The acquisition of Country Club Centre not only reinforces their commitment to this area but also sets the stage for sustained growth and success in the evolving retail landscape. For more information about First National Realty Partners and their investment strategies, visit their official website at www.fnrpusa.com.