Northside Mall - Blackwater Resources
Northside Mall - Blackwater Resources
Northside Mall - Blackwater Resources
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<strong>Northside</strong> <strong>Mall</strong>Dothan, AlabamaFor Leasing Information:Le Rogers<strong>Blackwater</strong> Management Group205-972-9693le@blackwaterresources.comManaged and Leased By:Thursday, March 29, 2012
Executive Summary<strong>Northside</strong> <strong>Mall</strong>The <strong>Northside</strong> <strong>Mall</strong> is located on 27.36 acres at northwest corner of the intersection of U.S.Highway 231 and Ross Clark Circle in Dothan, Houston County, Alabama. Dothan, knownas the Circle City, is the primary hub for business and commerce in the five county southeastAlabama region. The property contains approximately 275,000 square feet of retail spaceand flex space on two levels.Constructed in 1968, the mall was originally anchored by Montgomery Ward and Woolco,and was the major regional mall in southeast Alabama at what was, and still is, the majorintersection in the region. The <strong>Northside</strong> <strong>Mall</strong> is currently anchored by Publix, Hobby Lobbyand Books-A-Million, with Panera, Chili’s and Wachovia occupying three pad sites within thecenter. Also, a Home Depot store now occupies an adjacent parcel that was once a part ofthe original mall property and is still perceived to be a part of <strong>Northside</strong> <strong>Mall</strong>.Thursday, March 29, 2012
Dothan Map<strong>Northside</strong> <strong>Mall</strong><strong>Northside</strong> <strong>Mall</strong>Thursday, March 29, 2012
Site Plan<strong>Northside</strong> <strong>Mall</strong>Phase 2 – FutureDevelopmentThursday, March 29, 2012
Market Highlights<strong>Northside</strong> <strong>Mall</strong>The Dothan market enjoys a healthy local economy with steady population growth. As the primary hub for business andcommerce in the five county southeast Alabama region, Dothan’s major employers are in the fields of medical, education,municipal, manufacturing, and energy.Major employers in the area include:Employer# ofEmployeesSoutheast Alabama Medical Center 2,000 HealthcareDothan and Houston County Schools 1,800 EducationFlowers Hospital 1,200 HealthcareType of BusinessCity of Dothan 1,160 City GovernmentPerdue Farms 1,150 Poultry ProcessingSouthern Nuclear (Farley) 840 Electric GenerationCollins Sign 800 SignsMichelin 650 Light Truck TiresPemco 610 Aircraft Modification & RepairThursday, March 29, 2012
Market Highlights<strong>Northside</strong> <strong>Mall</strong>The number of households in Houston County has grown by over 3,600 since 2000, a 10.2% increase, and projectionsshow that over the next five years it will add another 2,500 households.Boasting a Metropolitan Statistical Area population of over 138,000 people, Dothan’s Combined Statistical Areapopulation is in excess of 233,000 people. Closer in, the population in a five-mile ring is over 60,000 with an averagehousehold income over $57,000.Demographic highlights include:Demographics5 MileRingHoustonCountyDothanMSADothanCSA2007 Population 60,241 96,042 138,601 233,3522007 Average HHI $57,201 $55,227 $51,500 $50,810% HH Change (2000 - 2007) 12.5% 10.2% 8.1% 7.0%% HH Change (2007 - 2012) 7.4% 6.3% 5.0% 4.1%The annual average daily traffic on Ross Clark Circle near the <strong>Northside</strong> <strong>Mall</strong> is 37,550 vehicles per day and the count onHighway 231 just north of the site is 36,080 vehicles per day. As a result of these high traffic volumes, the AlabamaDepartment of Transportation is currently under construction with a road widening to six lanes and access managementproject on a portion of U.S. Highway 231, including the portion that fronts the subject property. In addition, ALDOT isplanning a similar road widening and access management project for Ross Clark Circle, including the portion that frontsthe subject property.Thursday, March 29, 2012
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