1965 Cobbs Frd Rd Prattville, AL 36066-7290
- Strip malls
- 20,480 SF
- 0.73 lot acres
Current Use by Public Records
- Strip malls
Property Details for 1965 Cobbs Frd Rd
- Year built
- 2001
- Lot size
- 0.73 lot acres
- Property size
- 20,480 SF
- Property type
- Strip malls
- Property subtype
- Neighborhood centers
- APN
- 19-01-12-2-001-001.017
- APU
- 1901122001001017
Description
This exceptional investment opportunity presents a 4,487 square foot Class A retail property in Prattville, Alabama, currently leased to American Family Care under a 15-year absolute NNN lease commencing August 1, 2023, and expiring July 31, 2038. The property boasts a strong 6.18% cap rate and a substantial net operating income (NOI) of $157,003. The lease includes annual rent bumps based on CPI increases, with a 2% floor and no cap, ensuring consistent income growth. Located at 1965 Cobbs Ford Rd, 36066, this outparcel to Walmart benefits from its prime location adjacent to a high-performing Chick-fil-A, Walmart, and Bass Pro Shops, and near Kohl's, Target, Home Depot, and Lowe's. The property enjoys exceptional visibility and accessibility on Cobbs Ford Road, a major retail corridor with an average daily traffic count of 89,000 vehicles at the I-65 intersection. This investment is situated in a rapidly growing submarket experiencing significant population increases. The tenant, American Family Care, is backed by a corporate guarantee, providing further security and peace of mind. The asking price is $2,540,500, translating to a price per square foot of $566.19. A 10-year lease option is also available.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Prattville
- County
- Autauga
- State
- Alabama
- Longitude
- -86.413
- Latitude
- 32.4611
- CBSA code
- 33860
- CBSA name
- MONTGOMERY, AL METROPOLITAN STATISTICAL AREA
