For Sale
$2,650,000

600 Fort Williams StSylacauga, AL 35150

Alabama Shopping Center, Value-Add Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
115
This 39,809 square foot shopping center in Sylacauga, Alabama, presents a compelling value-add investment opportunity. Located at 600 W Fort Williams St, this Fee Simple property boasts an 8.05% cap rate and a strong NOI of $213,373. Currently 81% occupied by Bargain Hunt, Credit Central, and Coosa Valley HomeCare, all with lease renewal options, the center offers significant upside potential. The property underwent a complete renovation in 2018, including a new roof, electrical, plumbing, and parking lot overlay. The 7,618 square feet of unbuilt-out space provides an opportunity to increase occupancy and rental income. Built in 1979 on a 4.9-acre lot (APN: 27-09-30-4-022-001.000), the center is priced at $2,650,000, well below replacement cost at $66 per square foot. Sylacauga's diverse economy, anchored by manufacturing, healthcare, and natural resources, provides a stable market for retail businesses. The city's small-town charm, combined with proximity to Birmingham, offers a desirable location for both residents and businesses. This property is an excellent addition to any portfolio seeking strong returns and growth potential. All leases are gross.

Highlights

  • 39,809 SF shopping center anchored by Bargain Hunt in Sylacauga, AL.
  • Completely renovated in 2018 (roof, electrical, plumbing, parking lot).
  • Value-add opportunity: 81% occupied, all gross leases, 8.05% cap rate, $213,373 NOI.
  • Priced at $2,650,000, well below replacement cost of $66/SF.

Property Details for 600 Fort Williams St

Property type
Lifestyle centers, Power centers
Square Feet
39,809 SF
Year Built/Renovated
1979/2018
Lot Size (sq. ft)
213,444 SF

Location Insight

City
Sylacauga
County
Talladega
State
Alabama
Latitude
33.168228
Longitude
-86.26008
600 Fort Williams St, Sylacauga, Alabama

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600 Fort Williams St
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