2341 John Hawkins Pky 21,700 SF 87% Leased Retail Building Hoover, AL 35244 $7,994,907 CAD ($368.43 CAD/SF) 6.85% Cap Rate

Lake Crest Plaza presents a rare opportunity to acquire a completely stabilized, income-producing retail asset in Hoover, Alabama, a rapidly growing Birmingham suburb. At 2341 John Hawkins Parkway, this 13-unit neighborhood retail center benefits from exceptional visibility and exposure to more than 37,000 vehicles per day (VPD) along one of the area’s most traveled commercial corridors.

Fully leased and professionally managed, the center offers investors immediate, predictable cash flow supported by strong CAM and expense recoveries. Recent capital improvements, including HVAC replacements and parking lot restriping, reduce near-term capital expenditure risk while enhancing the overall tenant and customer experience. With stabilized net operating income approaching $397,000, Lake Crest Plaza delivers the security and performance investors seek in a core retail investment. For more financial details, review the Offering Memorandum within the Data Room.

Situated just off Interstate 459 at Exit 10, the center is at the epicenter of retail, residential, and commuter activity, reinforcing long-term tenant demand and sustained traffic. Adding to the asset’s strength is the substantial built-in consumer base generated by several hundred newly developed apartment units directly across the street at Colina Hillside, which fuels daily foot traffic and supports long-term retail vitality.

With high traffic counts, modernized infrastructure, and a proven operating history, Lake Crest Plaza is well-suited for 1031 exchange buyers and passive investors seeking durable income and long-term value preservation.