For Sale
$4,822,000

1351 Fort Williams StSylacauga, AL 35150

Grocery-anchored center, high occupancy, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents Fort Williams Square, a 104,939-square-foot shopping center situated on 11.21 acres in Sylacauga, Alabama. The property boasts a strong 91% occupancy rate, generating a substantial net operating income (NOI) of $409,881, representing an 8.50% cap rate. The center features two single-story buildings constructed in 1983, offering a total of 10 units and ample parking with 404 spaces. A Piggly Wiggly supermarket serves as the anchor tenant, recently renewing their lease for five years, demonstrating strong commitment to the location. Other national and regional tenants include Big Lots, Aaron's, and Furniture Masters. Big Lots, a tenant since 2008, has a lease extending to January 2028. The property is strategically located at the signalized intersection of US 231/280 and Fort Williams Street, less than a mile from Coosa Valley Medical Center and an Imerys quarry, providing proximity to major employers. Its location within a mile of a Walmart Supercenter, Home Depot, Publix, TJ Maxx, and Hobby Lobby further enhances its desirability. The asking price is $4,822,000, translating to $4 per square foot. This grocery-anchored center presents a compelling value-add opportunity with significant potential for future growth and strong cash flow. The property's address is 1351 W Fort Williams St, Sylacauga, AL 35150, with APN 27-09-31-2-014-001.001.

Highlights

  • Grocery-anchored shopping center with strong tenant occupancy and minimal near-term lease expirations.
  • Offered well below replacement cost with low in-place rents, presenting a value-add opportunity.
  • Strong property fundamentals, including a 91% occupancy rate and $409,881 NOI, yielding an 8.50% cap rate.
  • Significant value-add potential due to low in-place rents and strong location near major employers and retailers.

Property Details for 1351 Fort Williams St

Property type
Lifestyle centers, Power centers
Square Feet
1,204,939 SF
Year Built
1983
Buildings
2
Stories
1
Lot Size (sq. ft)
488,308 SF
Units
10

Location Insight

City
Sylacauga
County
Talladega
State
Alabama
Latitude
33.1647239
Longitude
-86.2731087
1351 Fort Williams St, Sylacauga, Alabama

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1351 Fort Williams St
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