2405 Highway 78 Jasper, AL 35501

This exceptional Class A, 69,700 square foot retail center in Jasper, Alabama, presents a compelling investment opportunity. Currently 91% occupied, the property boasts a strong tenant roster including Winn-Dixie (64% of current rental income), Aldi, Publix, Target, Walmart, Albertsons, Trader Joe's, Harveys, Aaron's, Drayer Physical Therapy, ALFA Insurance, Advance America, and OneMain Financial. Tenants benefit from a prime location on Highway 78 E, enjoying excellent visibility and access with approximately 66,500 vehicles passing daily. The center's strategic location is further enhanced by its proximity to a Walmart Supercenter, Home Depot, Jasper Mall, and numerous other retail establishments, as well as Walker Baptist Medical Center and Jasper High School. The property features a single, one-story building on a 7.1-acre lot, constructed in 1991. Recent lease extensions with several key tenants demonstrate long-term stability. The current pro-forma NOI stands at $612,354, with an average rent of approximately $9.20 per square foot. A significant upside potential exists with 6,300 square feet (three units) currently vacant, offering immediate leasing opportunities to increase NOI. The investment is structured as a Net Lease (NNN) with credit-rated tenants and corporate guarantees, providing added security. Various lease options and rent bumps are available. This is a rare opportunity to acquire a well-positioned, high-performing retail center with a proven track record and significant growth potential.