1500 Military S St Hamilton, AL 35570-5049
- Investment properties
- 41,904 SF
- 6.20 lot acres
Current Use by Public Records
- Investment properties
Property Details for 1500 Military S St
- Year built
- 1988
- Lot size
- 6.20 lot acres
- Property size
- 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.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $650,000
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Location Insight
- Map
- Local Demand
- City
- Hamilton
- County
- Marion
- State
- Alabama
- Longitude
- -87.9912
- Latitude
- 34.1232
