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Weiss Lake Plaza 1470 W Main St 99,450 SF 100% Leased Retail Building Centre, AL 35960 $4,350,000 ($43.74/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 | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$368,090
|
$3.70
|
| Other Income |
$11,951
|
$0.12
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$380,041
|
$3.82
|
| Taxes |
$24,878
|
$0.25
|
| Operating Expenses |
$118,080
|
$1.19
|
| Total Expenses |
$142,958
|
$1.44
|
| Net Operating Income |
$237,083
|
$2.38
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $368,090 |
| Annual Per SF | $3.70 |
| Other Income | |
|---|---|
| Annual | $11,951 |
| Annual Per SF | $0.12 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $380,041 |
| Annual Per SF | $3.82 |
| Taxes | |
|---|---|
| Annual | $24,878 |
| Annual Per SF | $0.25 |
| Operating Expenses | |
|---|---|
| Annual | $118,080 |
| Annual Per SF | $1.19 |
| Total Expenses | |
|---|---|
| Annual | $142,958 |
| Annual Per SF | $1.44 |
| Net Operating Income | |
|---|---|
| Annual | $237,083 |
| Annual Per SF | $2.38 |
PROPERTY FACTS
AMENITIES
- 24 Hour Access
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
-
- Information
- -
- -
- -
Founded in 1999, Cricket Wireless operates as a prepaid wireless telecommunications provider in the United States. Originally established by Leap Wireless, the brand focused on no-contract mobile services designed for cost-conscious consumers. In 2014, Cricket Wireless became a wholly owned subsidiary of AT&T following AT&T’s acquisition of Leap Wireless. The acquisition integrated Cricket into AT&T’s national network infrastructure while maintaining Cricket as a distinct prepaid brand. Cricket provides voice, text, and data services using AT&T’s wireless network, including access to 4G LTE and 5G coverage where available. The company distributes services through company-operated and authorized retail locations, as well as online channels. Over time, Cricket expanded from its initial regional footprint to a nationwide presence supporting consumer prepaid plans and device offerings.
- 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
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Weiss Lake Plaza | 1470 W Main St
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