Southeast Grocery-Anchored Portfolio (IGA)
IGA Marketplace, Bridgeport, AL & Briarcliff Square, Oak Ridge, TN
Overview
A two-property, 90,254 SF grocery-anchored portfolio spanning Bridgeport, AL and Oak Ridge, TN. IGA Marketplace is anchored by the market's only full-service grocery store; Briarcliff Square is anchored by Price Less IGA and fully occupied with a diversified, service-oriented tenant mix.
Property Highlights
| Properties | IGA Marketplace (Bridgeport, AL) & Briarcliff Square (Oak Ridge, TN) |
| Total GLA | 90,254 SF |
| Occupancy | 96% |
| Portfolio NOI | $416,356 |
| IGA Marketplace GLA / Occ. | 37,608 SF / 90% |
| Briarcliff Square GLA / Occ. | 52,646 SF / 100% |
Investment Highlights
Strong Anchors (IGA Marketplace)
Anchored by IGA and a combined Family Dollar/Dollar Tree, which together generate over 90% of the property's existing rental income.
Limited Grocery Competition
IGA is the only full-service grocery store in the Bridgeport market, ensuring consistent customer traffic and long-term tenant stability.
Grocery Anchor (Briarcliff Square)
Anchored by Price Less IGA, generating 37% of property income and in place for over a decade.
Stabilized Income-Producing Asset
Briarcliff Square is currently 100% occupied with a well-diversified, service-oriented tenant base.
Below Replacement Cost
Both assets are priced below replacement cost, with below-market rents supporting long-term value creation through lease-up and rent growth.
Property Gallery
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