145 Kelley BlvdMillbrook, AL 36054

Property Details for 145 Kelley Blvd

Year built

2007

Lot size

29.84 AC

Property size (Sq ft)

217,253 SF

Property type

Outlet malls

APN

15-09-31-0-002-011.007

APU

1509310002011007

Description

Hillcrest Shopping Center presents a compelling investment opportunity in the thriving Millbrook, AL market, situated just north of Montgomery and east of Prattville. This 32,630 square foot community center boasts a prominent location on Robinson Springs Road/AL Hwy 14, experiencing an average daily traffic count of approximately 32,855 vehicles. The center is anchored by a Walmart Supercenter and features a strong tenant mix including national and regional brands such as Dollar Tree, Convenient Care Millbrook, Palm Beach Tan, Cuts by Us, and American Deli. Built in 2007, the property offers ample parking with a ratio of 4.51 spaces per 1,000 square feet (a total of 147 spaces) and benefits from easy ingress/egress via a main signalized entrance on AL Hwy 14, less than one mile from I-65. The 4.5-acre lot is situated within a rapidly growing area with strong demographics, further enhanced by the Montgomery, AL MSA's high per capita income growth and low cost of doing business. Major employers in the area include Maxwell Air Force Base, Baptist Healthcare, and Hyundai Motors. Currently, there is 1,593 square feet of vacant space available. This presents a unique opportunity to capitalize on the strong existing tenancy and the continued growth of the Millbrook market.

• CAP approach

  CAP return

  Valuation

  6%

  $42,197,836

  6.5%

  $38,951,848

  7%

  $36,169,576

• Comparable approach

  Method

  Valuation

  Relative Method

  $92,893,512

  Geo Method

  $106,790,976

• Alternative Use

  Use

  Valuation

  Residential

  $32,857,342

  Hospitality

  $30,097,148

  Educational

  $25,040,474

  Medical

  $25,901,654

  Retail

  $38,951,848

Location Insight

City

Millbrook

County

Elmore

State

Alabama

Latitude

32.4941

Longitude

-86.3988

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

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].