1500 Military S St Hamilton, AL 35570-5049

This 51,976 square foot shopping center in Hamilton, Alabama, presents a compelling investment opportunity. Located at 1500 Military St S, this multi-tenant property boasts a strong lineup of national brands including Dollar Tree, Harbor Freight, and Subway, ensuring a stable income stream. The center enjoys a prime location adjacent to a Walmart Supercenter, benefiting from significant traffic and visibility on a major retail corridor with 13,505 vehicles per day. With 92% of the income derived from national credit tenants, the property offers a secure investment with an 8.50% cap rate and a current NOI of $252,196. Built in 1985, the 5.91-acre lot provides ample space. The property features attractive assumable financing at 6.0% interest, offering immediate double-digit cash-on-cash returns. Significant lease terms remain with key anchors, including Harbor Freight (8 years) and Dollar Tree (5 years). The current occupancy rate is 71.87%, and the asking price is $2,967,000 ($57.08/sq ft). Surrounding national retailers include McDonald's, Burger King, Taco Bell, and more, further solidifying the center's position within a thriving retail environment. This is an exceptional opportunity to acquire a well-positioned, income-producing retail asset in a growing market.