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Saturday, January 25, 2014

Memorial and Main Shopping Center




 Listing Memorial and Main Shopping Center
Price:$2,015,000
Status:New

The subject property is located at the intersection of the two major commercial arterials in Prattville, Alabama, a county seat located only 15 minutes from Montgomery, the 2nd largest city in the state. Anchored by a high-performing Rite-Aid with approximately 7 years left on the primary term, the asset is offered at a very attractive cap rate on actual income (80% leased) and offers the opportunity for double-digit return by leasing the remaining vacancy. The center was built in 1990, (with periodic upgrades) a fixture retail destination in Pratville for more than 20 years.


Memorial and Main Shopping Center

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