1965 Cobbs Ford RdPrattville, AL 36066

Property Details for 1965 Cobbs Ford Rd

Year built

2001

Lot size

0.73 AC

Property size (Sq ft)

20,480 SF

Property type

Retail properties

Property subtype

Strip malls

APN

19-01-12-2-001-001.017

APU

1901122001001017

Description

This exceptional investment opportunity presents a 4,487 square foot Class A retail property in Prattville, Alabama, currently leased to American Family Care under a 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. The property boasts a strong 6.18% cap rate and a substantial net operating income (NOI) of $157,003. The lease includes annual rent bumps based on CPI increases, with a 2% floor and no cap, ensuring consistent income growth. Located at 1965 Cobbs Ford Rd, 36066, this outparcel to Walmart benefits from its prime location adjacent to a high-performing Chick-fil-A, Walmart, and Bass Pro Shops, and near Kohl's, Target, Home Depot, and Lowe's. The property enjoys exceptional visibility and accessibility on Cobbs Ford Road, a major retail corridor with an average daily traffic count of 89,000 vehicles at the I-65 intersection. This investment is situated in a rapidly growing submarket experiencing significant population increases. The tenant, American Family Care, is backed by a corporate guarantee, providing further security and peace of mind. The asking price is $2,540,500, translating to a price per square foot of $566.19. A 10-year lease option is also available.

• CAP approach

  CAP return

  Valuation

  6%

  $3,979,135

  6.5%

  $3,673,048

  7%

  $3,410,687

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,726,184

  Geo Method

  $10,066,969

• Alternative Use

  Use

  Valuation

  Residential

  $3,098,353

  Hospitality

  $2,838,075

  Educational

  $2,361,245

  Medical

  $2,442,452

  Retail

  $3,673,048

Location Insight

City

Prattville

County

Autauga

State

Alabama

Latitude

32.4611

Longitude

-86.413

CBSA code

33860

CBSA name

MONTGOMERY, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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