1965 Cobbs Frd Rd Prattville, AL 36066-7290
Property profile & analytics
1965 Cobbs Frd Rd, Prattville, AL 36066-7290
- Strip malls
- 20,480 SF
- 0.73 lot acres
Property ID
US03-2994309
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Strip malls
Property Details for 1965 Cobbs Frd Rd
- Year built
- 2001
- Lot size
- 0.73 lot acres
- Property type
- Strip malls
- Property subtype
- Shopping 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 Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$11,269
$0.00
$0.00
$363,500
-
$104,300
$1,713,200
$1,817,500
