Village 63 Shopping Center 2452 Kowaliga Rd Local commercial 1 187 m² 82 % Loué À vendre Eclectic, AL 36024 1 207 318 € (1 016,70 €/m²)

This shopping center consists of 12,800 sf of commercial space on 2.8 acres and is 82% occupied with NNN leases. It sits on the corner of Hwy 63 (Kowaliga Rd) and Central Ave in Eclectic, Al, just minutes down the road from Lake Martin. Recent appraisal in hand.
Current tenants are a nail salon, a coffee shop, a children's speech pathologist, a construction office and a large daycare.
At 82% occupancy, current rental income is $148,000 per year. Property taxes and insurance premiums are covered by the tenants. Each unit is individually metered for power. Brand new metal roof installed in 2023.
There is only 1 vacant retail space of 1,079 sf and 6 vacant 180 sf individual offices upstairs. Plenty of value add opportunity when those spaces are leased.
This shopping center is located in a quickly growing area and will only continue to grow with time. This is an excellent opportunity for an investor seeking long term stable cash flow in a fast growing market.