Tillman´s Corner Redevelopment
About this Property
Kleban Properties is offering equity ownership of 4439 Rangeline Road, an approximately 10,800 SF retail building with strong redevelopment opportunities. The Sponsor expects to conduct exterior renovations and split the interior area into several tenant spaces to attract new tenants and generate strong cashflow.
- Destination Center: Shadow anchored by a Lowe’s Home Improvement and across the street from a Walmart Supercenter
- High Traffic Counts: Located in busy commercial area in between US-90 and I-10 which show traffic counts exceeding 28,000 and 64,000 respectively
- Renovation plans allow for the addition of drive-thrus and division of interior into 4+ tenant spaces
- Preleasing: Lease has been signed for one interior space and several formal letters of intent have been received for the available space
- Growing Market: Mobile has recently seen strong economic growth and large investment from companies like Airbus, which opened its A320 jetliner final assembly line here in 2015