1470 Main StCentre, AL 35960

Property Details for 1470 Main St

Lot size

9.00 AC

Property size (Sq ft)

99,450 SF

Property type

Retail properties

Property subtype

Lifestyle centers

Description

This exceptional investment opportunity presents Weiss Lake Plaza, a 99,450 square foot shopping center located at 1470 W Main St, Centre, Alabama, 35960. Priced at $4,950,000, this Class B property boasts a 6.20% cap rate and a strong NOI of $307,019. Currently 88% occupied, the center features 21 units across three single-story buildings situated on a 9-acre lot. Major tenants include Pic-N-Sav Grocery, the USDA Office, and H&R Block, providing a stable income stream. The property benefits from its prime location in Cherokee County's primary retail area, experiencing daily traffic counts exceeding 12,000 vehicles. Its proximity to numerous national retailers such as Walmart Supercenter, O'Reilly Auto Parts, Taco Bell, and Ingles Market further enhances its appeal. Recent capital improvements include a new roof, repaved and restriped parking lot, fresh paint, and HVAC replacements, minimizing future maintenance needs. This fee-simple ownership offers a compelling investment opportunity in a thriving retail market. Detailed rent rolls and interior photos are available upon request.

Location Insight

City

Centre

County

Cherokee

State

Alabama

Latitude

34.1572

Longitude

-85.7005

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