Current Use by Public Records
- Lifestyle centers
Property Details for 2566 Cobbs Ford Rd
- Year built
- 2013
- Lot size
- 2.50 lot acres
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional 20,000-square-foot shopping center in Prattville, Alabama, boasts a prime location directly off I-65, a major interstate bisecting Montgomery. The property features a 100% occupancy rate with a prestigious national tenant lineup including Starbucks, Chipotle, Aspen Dental, and Firehouse Subs, among others. Built in 2013, this multi-tenant retail center sits on a 2.5-acre lot and benefits from a high volume of traffic, exceeding 33,000 vehicles per day on Cobbs Ford Road and over 70,000 vehicles per day on I-65. The center's strategic location within the affluent Prattville suburb of Montgomery, with household incomes exceeding $113,000, ensures a strong and stable tenant base. The property's strong performance is reflected in its $9,140,000 asking price, a $457 per square foot rate, and a 6.60% cap rate, generating a net operating income (NOI) of $603,443. Two drive-thru end caps further enhance the property's value and rental income potential. The center is situated near a major retail hub including Target, Home Depot, Lowe's, and other national retailers, creating a synergistic environment that drives significant foot traffic. Built-in rental increases ensure strong NOI growth for future investors. This is a rare opportunity to acquire a high-performing, fully leased retail center in a thriving Alabama market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Prattville
- County
- Elmore
- State
- Alabama
- Longitude
- -86.3913
- Latitude
- 32.4592
