1335 Us-72 Killen, AL 35645

Property Details for 1335 Us-72

Year built

2018

Lot size

0.46 lot acres

Property size

3,600 SF

Property type

Lifestyle centers

Property subtype

Power centers

Description

This exceptional investment opportunity presents a 3,600 square foot multi-tenant shopping center situated on a 0.46-acre lot at 1335 US-72 in Killen, Alabama, zip code 35645. Built in 2018, the property boasts 100% occupancy with two tenants, including a Lawler's Barbecue with a drive-thru. The gross lease structure simplifies management. The center benefits from excellent visibility and accessibility, with multiple points of ingress and egress. The property enjoys a strategic location between Highway 72 (experiencing over 23,320 vehicles daily) and J.C. Mauldin Highway (2,510 vehicles daily), placing it within a thriving commercial corridor. Nearby businesses include Shell, McDonald's, Subway, Pizza Hut, Dollar General, and Foodland, indicating a strong retail environment. The Florence/Muscle Shoals MSA, home to the University of North Alabama (over 10,600 students in Fall 2023), boasts an estimated population of 155,175 (2023). The asking price is $838,238, representing a price per square foot of $232.84 and a 7.15% capitalization rate, with a Net Operating Income (NOI) of $59,934. This property offers a compelling combination of strong tenant occupancy, high traffic counts, and a desirable location within a growing market.

Location Insight

City

Killen

County

Lauderdale

State

Alabama

Longitude

-87.5462

Latitude

34.857