For Sale
$9,140,000

2566 Cobbs Ford RdPrattville, AL 36066

High-traffic retail center, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Property Details for 2566 Cobbs Ford Rd

Property type
Lifestyle centers, Power centers
Square Feet
20,000 SF
Year Built
2013
Lot Size (sq. ft)
108,900 SF

Location Insight

City
Prattville
County
Elmore
State
Alabama
Latitude
32.4592225
Longitude
-86.3913386
2566 Cobbs Ford Rd, Prattville, Alabama

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2566 Cobbs Ford Rd
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