This exceptional 20,000-square-foot shopping center in Prattville, Alabama, boasts a prime location directly off I-65, a major interstate bisecting Montgomery. The property features a 100% occupancy rate with a prestigious national tenant lineup including Starbucks, Chipotle, Aspen Dental, and Firehouse Subs, among others. Built in 2013, this multi-tenant retail center sits on a 2.5-acre lot and benefits from a high volume of traffic, exceeding 33,000 vehicles per day on Cobbs Ford Road and over 70,000 vehicles per day on I-65. The center's strategic location within the affluent Prattville suburb of Montgomery, with household incomes exceeding $113,000, ensures a strong and stable tenant base. The property's strong performance is reflected in its $9,140,000 asking price, a $457 per square foot rate, and a 6.60% cap rate, generating a net operating income (NOI) of $603,443. Two drive-thru end caps further enhance the property's value and rental income potential. The center is situated near a major retail hub including Target, Home Depot, Lowe's, and other national retailers, creating a synergistic environment that drives significant foot traffic. Built-in rental increases ensure strong NOI growth for future investors. This is a rare opportunity to acquire a high-performing, fully leased retail center in a thriving Alabama market.
Highlights
High-performing street-retail center in Montgomery, AL MSA.
National tenant lineup including Starbucks, Chipotle, Aspen Dental, and others.
Excellent traffic counts: 33,000+ VPD on Cobbs Ford Rd and 70,000+ VPD on I-65.
Adjacent to Prattville Town Center with major national retailers.
100% leased with strong historical occupancy.
Affluent Montgomery suburb with $113,000+ average household incomes.
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Contacts
Bryan Belk
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2566 Cobbs Ford Rd, Prattville, Alabama, 36066
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2566 Cobbs Ford Rd
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