1500 Military StHamilton, AL 35570

Property Details for 1500 Military St

Year built

1988

Lot size

6.20 AC

Property size (Sq ft)

41,904 SF

Property type

Investment properties

Property subtype

Retail residential properties

APN

49-16-02-10-0-201-003.001

APU

491602100201003001

Description

This 51,976 square foot shopping center in Hamilton, Alabama, presents a compelling investment opportunity. Located at 1500 Military St S, this multi-tenant property boasts a strong lineup of national brands including Dollar Tree, Harbor Freight, and Subway, ensuring a stable income stream. The center enjoys a prime location adjacent to a Walmart Supercenter, benefiting from significant traffic and visibility on a major retail corridor with 13,505 vehicles per day. With 92% of the income derived from national credit tenants, the property offers a secure investment with an 8.50% cap rate and a current NOI of $252,196. Built in 1985, the 5.91-acre lot provides ample space. The property features attractive assumable financing at 6.0% interest, offering immediate double-digit cash-on-cash returns. Significant lease terms remain with key anchors, including Harbor Freight (8 years) and Dollar Tree (5 years). The current occupancy rate is 71.87%, and the asking price is $2,967,000 ($57.08/sq ft). Surrounding national retailers include McDonald's, Burger King, Taco Bell, and more, further solidifying the center's position within a thriving retail environment. This is an exceptional opportunity to acquire a well-positioned, income-producing retail asset in a growing market.

Location Insight

City

Hamilton

County

Marion

State

Alabama

Latitude

34.1232

Longitude

-87.9912

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].