For Sale
$2,800,000

24716 Us-31 Jemison, AL 35085

High-yield retail center, strong tenants.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
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

FAQs

What type of property is this?
Lifestyle center - High-yield retail center, strong tenants.
Where is the lifestyle center located?
The property is located at 24716 Us-31 Jemison, AL.
What is the asking price?
The asking price for this property is $2,800,000.
What are key features of this property?
This property features: 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.
How can I contact the broker?
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24716 Us-31
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