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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
Weiss Lake Plaza offers a prime retail investment opportunity in the heart of Cherokee County’s primary shopping corridor. This grocery-anchored center spans three buildings with a strong tenant mix, including Pic-N-Sav Grocery, USDA Office, and H&R Block. Recent capital improvements—such as roof upgrades, fresh paint, parking lot seal and stripe, and HVAC replacements—enhance long-term value. Positioned along W Main Street with traffic counts exceeding 12,000 vehicles daily, the property benefits from proximity to national retailers like Walmart, Taco Bell, and Ingles Market, ensuring consistent consumer draw and stable occupancy.
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
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
99,450 SF
Building Class
C
Year Built
1983
Price
$4,350,000
Price Per SF
$43.74
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
9.00 AC
Zoning
Commercial
Frontage
Amenities
- 24 Hour Access
- Signage
- Storage Space
- Monument Signage
- Air Conditioning
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Information
- -
- -
- -
Cricket Wireless began in 1999 as a prepaid wireless brand and later became part of AT&T after AT&T acquired Leap Wireless International. The company offers prepaid mobile plans, smartphones, and related wireless services, with support for online account management, billing, activation, and device help. Cricket Wireless serves customers through store locations and online sales, and its offerings include no-contract plans, 5G access, hotspot data on select plans, and device protection options. The company remains focused on straightforward wireless service for U.S. customers across a broad national footprint.
- 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 | - | - | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-03-08-0-000-064.000 | Total Assessment | $14,220 (2025) |
| Land Assessment | $11,780 (2025) | Annual Taxes | $24,878 ($0.25/SF) |
| Improvements Assessment | $2,440 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
14-03-08-0-000-064.000
Land Assessment
$11,780 (2025)
Improvements Assessment
$2,440 (2025)
Total Assessment
$14,220 (2025)
Annual Taxes
$24,878 ($0.25/SF)
Tax Year
2024
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Contact the Sale Advisor
Weiss Lake Plaza | 1470 W Main St