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Weiss Lake Plaza 1470 W Main St 99,450 SF 100% Leased Retail Building Centre, AL 35960 $5,995,735 CAD ($60.29 CAD/SF)
INVESTMENT HIGHLIGHTS
- Grocery-anchored shopping center in Cherokee County’s main retail hub.
- Recent capital improvements including roof, HVAC, and parking upgrades.
- Close to Walmart Supercenter, Taco Bell, and Ingles Market for strong co-tenancy.
- Strong tenant mix with national and service-oriented brands.
- High-visibility location with traffic counts over 12,000 vehicles per day.
- Fee simple ownership with 88% occupancy and institutional-grade investment profile.
EXECUTIVE SUMMARY
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$507,349
|
$5.10
|
| Other Income |
$16,472
|
$0.17
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$523,822
|
$5.27
|
| Taxes |
$34,290
|
$0.34
|
| Operating Expenses |
$162,753
|
$1.64
|
| Total Expenses |
$197,043
|
$1.98
|
| Net Operating Income |
$326,779
|
$3.29
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $507,349 |
| Annual Per SF | $5.10 |
| Other Income (CAD) | |
|---|---|
| Annual | $16,472 |
| Annual Per SF | $0.17 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $523,822 |
| Annual Per SF | $5.27 |
| Taxes (CAD) | |
|---|---|
| Annual | $34,290 |
| Annual Per SF | $0.34 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $162,753 |
| Annual Per SF | $1.64 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $197,043 |
| Annual Per SF | $1.98 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $326,779 |
| Annual Per SF | $3.29 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Information
- -
- -
- -
Cricket Wireless operates as a prepaid wireless service provider and is a subsidiary of AT&T Inc. Founded in 1999, Cricket offers nationwide coverage and affordable no-contract plans. The Ottumwa store, located on Venture Drive, provides wireless services, smartphones, and accessories, serving customers in Wapello County and surrounding areas. This location is an authorized retailer and part of Cricket’s extensive retail network across the United States. Cricket Wireless trades under AT&T’s ticker symbol T on the NYSE. The Ottumwa store typically occupies approximately 1,200 square feet within a retail strip and employs a small team focused on sales and customer service.
- PCA Insurance
- Finance and Insurance
- -
- -
- -
- Pic N' Sav
- Retailer
- -
- -
- -
- Sherri's Bakery
- Manufacturing
- -
- -
- -
- Southern Charm
- Retailer
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
|
Information | - | - | - | ||
| PCA Insurance | Finance and Insurance | - | - | - | ||
| Pic N' Sav | Retailer | - | - | - | ||
| Sherri's Bakery | Manufacturing | - | - | - | ||
| Southern Charm | Retailer | - | - | - |
NEARBY MAJOR RETAILERS
Presented by
Weiss Lake Plaza | 1470 W Main St
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