602-638 Cherry Dr Dr Lanett, AL 36863

This exceptional 6.79-acre industrial property in Lanett, Alabama, presents a lucrative investment opportunity. Located at 602-638 Cherry Drive, the property encompasses a shopping center featuring 18 total spaces, with 15 currently leased, generating a substantial monthly income of $15,269. Three vacant spaces offer immediate potential for increased revenue, projected at an additional $4,980 per month. The property boasts a prominent anchor tenant, Piggly Wiggly, ensuring consistent traffic and stability. Monthly expenses, encompassing property taxes, insurance, parking lot maintenance (lights and sweeping), lawn service, and local rental taxes, total $4,648. This translates to a significant positive cash flow. The property's size and existing tenant occupancy make it an attractive investment for those seeking a strong return on investment in a thriving commercial area. The seller is open to owner financing, providing a flexible acquisition option. Detailed financial statements are available upon request. This is a rare opportunity to acquire a well-established, income-producing industrial property with significant upside potential. Serious inquiries only.