2341 John Hawkins Pky - Retail FOR SALE


Hoover, AL 35244
$5,799,000 USD
858-295-8057
2341 John Hawkins Pky, Hoover, AL for Sale
$5,799,000 USD
Retail - FOR SALE
1/18
null | 6.85% Cap Rate

2341 John Hawkins Pky
Hoover, AL 35244


HIGHLIGHTS

  • Lake Crest Plaza offers immediate, stabilized cash flow with 100% tenant occupancy and nearly $400,000 in net operating income (NOI).
  • Tenants and investors benefit from exceptional visibility and daily exposure to more than 37,000 VPD along John Hawkins Parkway.
  • Recent capital improvements to the property minimize future maintenance requirements, enhancing long-term asset performance.
  • Strong CAM rates and expense recoveries support consistent returns and operational efficiency, an alluring feature in the Birmingham market.
  • Strategically positioned for long-term growth due to direct proximity to new multifamily development and convenient access to Interstate 459.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,799,000 USD

PRICE/SF

$267 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2004

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

2.55 AC

LAND SF

111,078 SF

ZONING

I3

APN/PARCEL ID

39-00-28-3-000-001.006

ASK ABOUT THIS PROPERTY

Crystal LeeAmerican Real Estate GroupMore Info
858-295-8057

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Crystal LeeAmerican Real Estate GroupMore Info
858-295-8057

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.