3000 Meighan Blvd Gadsden, AL 35903

This 85,323-square-foot shopping center in Gadsden, Alabama, presents a compelling value-add investment opportunity. Currently boasting 90.86% occupancy with six tenants, including Dollar General, Tractor Supply, and Ollie's, the property offers significant upside potential. Built in 1985 and renovated in 2015, the center sits on a 12.2-acre lot at 3000 E Meighan Blvd, offering high visibility and easy access from a major thoroughfare. The asking price is $3,670,000, representing a price per square foot of $43 and an attractive 8.25% cap rate based on a net operating income (NOI) of $302,757. The property features a mix of long-term and short-term leases, with an average lease term of 12.6 years and average rent of $4.9 per square foot. Three vacant units totaling 7,800 square feet provide immediate opportunities to increase revenue. The ample parking lot also presents potential for outlot development. Ollie's is the only tenant on a gross lease. The property is offered fee simple.