For Sale
$2,800,000

24716 Us-31Jemison, AL 35085

High-yield retail center, strong tenants.

Overview

Added:
Dec 11, 2024
Days on market:
118
Cobb Plaza Shopping Center, located at 24716 US-31 in Jemison, Alabama (zip code 35085), presents a compelling investment opportunity. This 60,235 square foot multi-tenant retail shopping center boasts a strong 7.94% capitalization rate and a Net Operating Income (NOI) of $222,311, with an asking price of $2,800,000 ($46.48 per square foot). Built in 1972, the property sits on a 5.77-acre lot and features credit tenants including O'Reilly Auto Parts and Piggly Wiggly, ensuring stable income streams. Its prime location on a major thoroughfare in Jemison provides excellent visibility and accessibility, complemented by ample on-site parking for both employees and customers. The center benefits from high local traffic counts and convenient access to Interstate 65 (3.8 miles away). Commuting distances to nearby Clanton, Alabama (15 minutes) and Hoover, Alabama (30 minutes) further enhance its appeal. This well-established shopping center offers a solid investment opportunity with significant potential for future growth.

Highlights

  • Great investment opportunity: 60,235 SF shopping center with 7.94% cap rate and $222,311 NOI.
  • Credit tenants include O'Reilly Auto Parts and Piggly Wiggly.
  • Prime Jemison location on a major thoroughfare.
  • Ample on-site parking.
  • High local traffic counts.
  • 3.8 miles from I-65.

Property Details for 24716 Us-31

Property type
Lifestyle centers, Power centers
Square Feet
60,235 SF
Year Built
1972
Lot Size (sq. ft)
251,341 SF

Location Insight

City
Jemison
County
Chilton
State
Alabama
Latitude
32.959271
Longitude
-86.7420303
24716 Us-31, Jemison, Alabama

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
24716 Us-31
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message