145 Kelley Blvd Millbrook, AL 36054-2200
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.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
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Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.