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28975090
28975085

2341 John Hawkins Pkwy, Hoover, AL 35244

CL
CA 01211665
American Real Estate
Listed by American Real Estate
$5,850,000
168 days on market
Updated 82 days ago

Lakecrest Plaza

Details
Property Type Retail
Sub Type Shopping Center
Square Footage 24,001
Units 13
Cap Rate 6.74%
NOI $394,000
Occupancy 100%
Lease Type NNN
Price per SqFt $244
Year Built 2004
Buildings 1
Stories 1
Zoning I3
Parking Spaces 50 spaces
Parking Per SqFt 2.08
Investment Type Stabilized
Ownership Fee Simple

Retail | 6.74% CAP | 24,001 SqFt

Marketing description

This offering presents a stabilized, multi-tenant retail center located in a prime commercial corridor in Hoover, Alabama, one of the strongest retail submarkets in the Birmingham MSA. Built in 2004, the property totals 24,001 square feet and sits on a generous 2.55-acre (110,947 SF) lot, providing excellent visibility, access, and long-term flexibility.

The center is 100% leased across 13 units, delivering immediate and reliable cash flow. Tenants benefit from strong traffic exposure, convenient ingress/egress, and proximity to dense residential neighborhoods, national retailers, and major arterial roadways.

This asset is well-suited for investors seeking durable income, minimal near-term leasing risk, and long-term hold potential in a proven Southeast growth market. With in-place tenancy and stabilized operations, the property offers an attractive balance of yield, stability, and market fundamentals.

Full financials, rent roll, and additional due diligence materials are available upon request.


Investment highlights

Property Highlights

13 Units – Fully Leased
24,001 SF Retail Center
Built in 2004
Large 2.55-Acre Site (110,947 SF)
Stabilized Cash Flow with In-Place Tenancy
Strong Visibility Along Major Commercial Corridor
Dense Surrounding Retail & Residential Trade Area
Ample On-Site Parking
Well-Maintained Improvements
Attractive Long-Term Hold Opportunity
Ideal for 1031 Exchange & Passive Investors

Listing Contacts

CL
CA 01211665
American Real Estate
Listed by American Real Estate

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$394,000.00
$32,833.33/mo

Valuation Metrics

0
DSCR
6.74%
Cap Rate
6.74%
ROI

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