For Sale
$955,000

701 Logan RdClanton, AL 35045

7,394 SF Value-Add Shopping Center

Overview

Added:
Dec 11, 2024
Days on market:
115
This 7,394 square foot retail shopping center presents a compelling value-add opportunity in Clanton, Alabama. Located on a prime retail corridor, this multi-tenant property boasts a strategic position next to a Walmart Supercenter and directly across the street from Chilton County High School, Clanton Middle School, and Clanton Country Club. The high traffic count of 15,297 vehicles daily on US Highway 31 ensures significant visibility and accessibility. Currently, short-term leases are in place at below-market rates, offering immediate potential for increased revenue through lease renewals and adjustments. The property's asking price is $955,000, representing a price per square foot of $129.16. A pro-forma NOI of $80,443 projects an attractive 8.00% cap rate, making this an ideal investment for those seeking strong returns in a thriving Alabama market. The property's existing tenant base provides a stable foundation for future growth and value appreciation. This is a rare opportunity to acquire a well-located retail center with significant upside potential. The property is situated at 701 Logan Road, Clanton, AL 35045.

Highlights

  • Value-add opportunity: Retail strip center on Clanton's main retail thoroughfare.
  • Below-market rents with short-term leases.
  • Excellent location adjacent to a Walmart Supercenter.
  • High visibility across from Clanton County High School, Clanton Middle School, and Clanton Country Club.
  • High traffic count: 15,297 vehicles daily on US Highway 31.

Property Details for 701 Logan Rd

Property type
Lifestyle centers, Power centers
Square Feet
7,394 SF

Location Insight

City
Clanton
County
Chilton
State
Alabama
Latitude
32.820278
Longitude
-86.612678
701 Logan Rd, Clanton, Alabama

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701 Logan Rd
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