2855 Ross Clark CirDothan, AL 36301

Invest in Metro West Plaza, a 33,412 square foot, single-story shopping center in Dothan, Alabama. This Class B property, built in 1986, sits on a 2.68-acre lot and features 16 units with 81% occupancy. Currently operating with a 6.47% cap rate and a NOI of $223,104, the property offers significant upside potential. A pro-forma cap rate of 9.96% and pro-forma NOI of $343,544 demonstrates the substantial increase achievable through lease rate adjustments. Current tenants pay $8.47 per square foot, significantly below market rates of $15 per square foot. The property benefits from a high volume of traffic (40,000 vehicles per day) and is priced at $103.26 per square foot, well below replacement cost. Owner financing is available. This fee-simple ownership opportunity presents a compelling value-add proposition for investors seeking to capitalize on below-market rents and enhance the property's aesthetic appeal and parking to further increase rental income. The property's address is 2855 Ross Clark Cir, Dothan, AL 36301. The APN is 09-05-22-3-002-007-002. The gross lease structure simplifies management.