Prime Retail Property - Former Fred's store Prime retail / restaurant location - Ideally located on high traffic corridor in upscale Reservoir area. Available for Sale or Lease July 1, 2019. Ideal Restaurant or Retail site - High traffic area with excellent demographics. Resort Area Status allows for restaurants to sell liquor by the glass 24/7. 16,471 SF all-brick building built in 2011 with 67 concrete-paved parking spaces on 1.90 acre fee simple site. Former Fred’s store with Pharmacy drive-up window in place. Truck well and covered loading apron in place for retail usage. High-traffic expanding retail area. Most recent construction includes a Baptist Medical Clinic, Community Bank, Kroger fuel island, upscale car wash, Shell convenience store, Rapid Oil Change and a 60-bed nursing home (under construction). Another regional bank has purchased a site across Spillway Road from property. The part of Spillway Road east of the property is being widened to 5 lanes to Hugh Ward Blvd.; it is already 5 lanes at and west of the property. ADT currently estimated at 30,000 at intersection of Spillway and Old Fannin Roads; ADT in 2017 was 28,000 per MDOT.
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