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Hamilton Heights Shopping Center 1500 Military St S

51,976 SF 72% Leased Retail Building Hamilton, AL 35570 $4,219,074 CAD ($81 CAD/SF) 8.55% Cap Rate

Storefront Properties Alabama Hamilton 1500 Military St S, Hamilton, AL 35570

Investment Highlights

  • Walmart Shadow Center Anchored by Harbor Freight & Tools, Dollar Tree, Encore Rehabilitation, Subway, H&R Block, and 1st Franklin Financial
  • Attractive Assumable Financing Providing Double Digit Cash on Cash Returns
  • Stabilized Rent Roll with Many Long-term Tenants with Recent Lease Extensions
  • Secure Income Stream: 92% of income stream coming from national tenants
  • Significant Term Remains by Anchors: Harbor Freight & Tools (8 Yrs) and Dollar Tree (5 Yrs)

Executive Summary

Franklin Street is pleased to present the Hamilton Heights shopping center located in the City of Hamilton, Marion County, Alabama. Hamilton is the County seat and is located in the northwestern part of the state, bounded on the west by the State of Mississippi . The economy of Hamilton is diverse and is home to Bevill State Community College. and North Mississippi Medical Center. Hamilton Heights has several parks and recreation facilities, including the Hamilton Heights Community Center, the Hamilton Heights Soccer Complex, and the Hamilton Heights Walking Trail. The center is located adjacent to a Walmart Supercenter which serves an expanded trade area with limited competitors in the immediate trade area. A majority of the income stream for the shopping center (92%) is generated from national credit tenants and it is located on Military Street South, the main retail corridor in the submarket with 13,505 vehicles per day. The majority of the rent roll has significant tenancy history in their spaces and offer tenants affordable rent rates. The property is offered with attractive assumable financing with 6.0% interest and significant term remaining that allows for double digit cash on cash returns day 1.

Attachments

Hamilton_Heights_HamiltonAL_OM

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
51,976 SF
Building Class
B
Year Built
1985
Price
$4,219,074 CAD
Price Per SF
$81 CAD
Cap Rate
8.55%
NOI
$360,759 CAD
Percent Leased
72%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
5.91 AC
Opportunity Zone
Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease End
  • Retailer
  • -
  • -
  • Jan 0000

At Dollar Tree, their customers can expect to find an environment where shopping is fun. They're known for their “thrill-of-the-hunt” shopping experience where customers can discover new, exciting items every week, from everyday essentials to fun craft, seasonal, and party merchandise. Many of the items they carry sell for more elsewhere, which means that their customers can stretch their dollars to get the products they need at an extreme value. They remain fiercely committed to their mission of bringing their customers extreme value every day, along with more thrills, more fun & new items every week! Dollar Tree carries a broad, exciting mix of consumable, variety, and seasonal merchandise that includes many trusted national and regional brands. In the midst of massive growth, Dollar Tree remains committed to their original mission: giving customers extreme value at low prices. With stores in the U.S. and Canada, they are fulfilling that mission more now than ever before.

Tenant Industry SF OCCUPIED RENT/SF Lease End
Retailer - - Jan 0000
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PROPERTY TAXES

Parcel Number 16-02-10-0-201-020-0000 Improvements Assessment $1,460,356 CAD
Land Assessment $184,119 CAD Total Assessment $1,644,475 CAD

PROPERTY TAXES

Parcel Number
16-02-10-0-201-020-0000
Land Assessment
$184,119 CAD
Improvements Assessment
$1,460,356 CAD
Total Assessment
$1,644,475 CAD
(404) 832-1251

Contacts

  • Listing ID: 29679748

  • Date on Market: 2023-10-02

  • Last Updated:

  • Address: 1500 Military St S, Hamilton, AL 35570

The Retail Property at 1500 Military St S, Hamilton, AL 35570 is currently available for sale. Contact Franklin Street Real Estate Services for more information.

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Hamilton Heights Shopping Center | 1500 Military St S
(404) 832-1251 x

Hamilton Heights Shopping Center | 1500 Military St S

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Bryan Belk

(404) 832-1251

(404) 832-1251

John Tennant

(404) 386-1700

(404) 386-1700

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