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Property profile & analytics
OFF-MARKET Estimated value $18,160,000
Outlet malls

145 Kelley Blvd Millbrook, AL 36054-2200

217,253 SF 29.84 ac lot Built 2007
Entity Owned 1-yr Hold Free & Clear
Property ID
US03-1075434
Property summary
AI-generated overview

Hillcrest Shopping Center presents a compelling investment opportunity in the thriving Millbrook, AL market, situated just north of Montgomery and east of Prattville. This 32,630 square foot community center boasts a prominent location on Robinson Springs Road/AL Hwy 14, experiencing an average daily traffic count of approximately 32,855 vehicles. The center is anchored by a Walmart Supercenter and features a strong tenant mix including national and regional brands such as Dollar Tree, Convenient Care Millbrook, Palm Beach Tan, Cuts by Us, and American Deli. Built in 2007, the property offers ample parking with a ratio of 4.51 spaces per 1,000 square feet (a total of 147 spaces) and benefits from easy ingress/egress via a main signalized entrance on AL Hwy 14, less than one mile from I-65. The 4.5-acre lot is situated within a rapidly growing area with strong demographics, further enhanced by the Montgomery, AL MSA's high per capita income growth and low cost of doing business. Major employers in the area include Maxwell Air Force Base, Baptist Healthcare, and Hyundai Motors. Currently, there is 1,593 square feet of vacant space available. This presents a unique opportunity to capitalize on the strong existing tenancy and the continued growth of the Millbrook market.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 2007
Total area 217,253 SF
Lot 29.84 ac (1,299,830 SF)
APN 15-09-31-0-002-011.007
UPID US03-1075434
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Walmart Baby & Nursery Services Social Service Agency Community Center
  • Walmart Patio & Garden Services Landscaping General Contractor
  • Walmart Pet Services Kennel & Boarding Facility
  • Coinstar Bank Credit Union
  • Walmart Home Theater Installation Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$19.97M
Blend (final) Blend
$18.16M
Owner & transaction history
Dollar Tree Stores INC · 1 yrs held
Dollar Tree Stores INC
since 2024
1 recorded transaction
2024
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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