2566 Cobbs Ford RdPrattville, AL 36066

Property Details for 2566 Cobbs Ford Rd

Year built

2013

Lot size

2.50 AC

Property size (Sq ft)

20,000 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Prattville

County

Elmore

State

Alabama

Latitude

32.4592

Longitude

-86.3913

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