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20012820
23853138

1470 W Main St, Centre, AL 35960

MW
AL 63950, AL AL 000063950
United Country Real Estate | Taylor Real Estate Solutions
Listed by United Country Real Estate | Taylor Real Estate Solutions
$4,350,000
632 days on market
Updated 40 days ago

Weiss Lake Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 99,450
Net Rentable (SqFt) 99,450
Units 21
Cap Rate 7.06%
NOI $307,019
Occupancy 88%
Price per SqFt $44
Class B
Buildings 3
Stories 1
Acreage 9.000
Investment Type Institutional
Ownership Fee Simple

Weiss Lake Plaza ~ Retail Investment ~ Centre, Al

Marketing description

$4,350,000 Shopping Center Grocery anchored retail center with many supporting tenants in Cherokee county’s primary retail area with average traffic counts exceeding 12,000 vehicles per day. Close proximity to numerous national retailers including Walmart Supercenter, O’Reilly Auto Parts, Taco Bell, Ingles Market and many more and several municipal service providers. Capital improvements include recent roof, parking lot stripe & seal fresh paint, HVAC replacements and more. Major tenants include Pic-N-Sav Grocery, USDA Office, H & R Block. Property consists of 3 buildings with over 99,000 sqft leasable space.

Investment highlights

$4,350,000 Shopping Center Grocery anchored retail center with many supporting tenants in Cherokee county’s primary retail area with average traffic counts exceeding 12,000 vehicles per day. Close proximity to numerous national retailers including Walmart Supercenter, O’Reilly Auto Parts, Taco Bell, Ingles Market and many more and several municipal service providers. Capital improvements include recent roof, parking lot stripe & seal fresh paint, HVAC replacements and more. Major tenants include Pic-N-Sav Grocery, USDA Office, H & R Block. Property consists of 3 buildings with over 99,000 sqft leasable space.~ Rent rolls and interior pics available upon request.

Listing Contacts

MW
AL 63950, AL AL 000063950
United Country Real Estate | Taylor Real Estate Solutions
Listed by United Country Real Estate | Taylor Real Estate Solutions

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$307,019.00
$25,584.92/mo

Valuation Metrics

0
DSCR
7.06%
Cap Rate
7.06%
ROI

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Additional Information

Name
Marsha Whisenhunt
License
63950
Brokerage
United Country Real Estate
Title
Taylor Real Estate Solutions
Brokerage Address
1654 Pelham Road South
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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