Four Building Retail Investment | 12% Pro Forma Cap Rate

Investment Overview

Value-add investment opportunity located just off Ross Clark Circle in Dothan, Alabama. The property consists of four single-story commercial buildings totaling approximately 5,984 SF on 0.7 acres, offering flexible configurations suitable for a variety of office, retail and service-oriented businesses. Currently occupied by two tenants with significant upside potential through leasing the remaining vacant spaces. Each building contains approximately 1,496 SF and can accommodate single or multiple tenants depending on configuration. Recent capital improvements include new exterior siding (2021), metal roofs (2022) and HVAC replacements between 2021-2023. Ideally located just off Ross Clark Circle, in close proximity to US Hwy 231 S and Prevatt Road. The property is less than 1-mile from Publix-anchored Cottonwood Corners Shopping Center and 2.5-miles from SE Health Medical Center, providing convenient access to surrounding retail, medical and commercial businesses.

Investment Highlights

• 4 retail/office buildings of 1,496 SF each, offering flexible leasing configurations
• 3 buildings are divided into 2 suites each
• 2 occupied units generating $21,600 annually (MG leases)
• Projected annual gross rents of $86,400 at full occupancy
• Pro Forma NOI of $65,788 and a 12% Pro Forma Cap Rate
• New siding (2021), roofs (2022) and multiple HVAC replacements (2021–2023)
• Located off Ross Clark Circle near US Hwy 231 S and Prevatt Road, less than 1 mile from Publix Cottonwood Corners Shopping Center and 2.5 miles from SE Health