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2244 Highway 78 - Sumiton Commons - Sumiton Commons, Sumiton, AL

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2244 Highway 78 - Sumiton Commons - Sumiton Commons

Sumiton, AL 35148 - Walker County Submarket

Property Type:Retail Sub Type:- Status:Existing Year Built:-
Building Size:56,625 SF Land Area:7.9 AC (344,124 SF)
For Sale Price:$750,000 Price/SF:$13.25
Cap Rate:-
Parking:Free Surface spaces

Sale Notes:
Property tours are available by appointment ONLY. Please contact Eva Horton to schedule at or 770-552-2404.

Investment Highlights:
• ±56,625 SF neighborhood shopping center with ±28% occupied and anchored by Dollar General.
• One of the most visible and prominent retail centers along Hwy 78, in Sumiton, AL.
• With varying lease expirations providing steady income and a current occupancy rate of 28%, the property affords investors an excellent upside opportunity through lease-up strategy.
• Site features ±7.9 acres divided between two large parcels and with 260 parking spaces available to patrons.
• Diverse local tenant-mix that features a number of nationally recognized tenants such as Walmart Supercenter, Walgreens, Piggly Wiggly, AT&T and Hardee’s.
• Located within highly dense commercial enclave that services a dedicated suburban consumer market.

Investment Overview:
Sumiton Commons is a ±56,625 SF neighborhood shopping center at 2244 Highway 78 in the Walker County Submarket of Sumiton, AL just ±23 miles north of Birmingham. With a strong current income-stream in-place, anchored by Dollar General, Sumiton Commons presents investors with an excellent opportunity to acquire a highly visible and performing retail asset with excellent upside potential.

Constructed in 1974, Sumiton Commons features a diverse tenant mix with several of the tenants occupying their respective space for over a decade. Anchored by Dollar General with a lease that extends to 2020, the property is a staple of the surrounding community. Other tenants in the center include a salon, Chinese Restaurant and an H&R Block. In addition to the current tenant mix, the property features three vacant units that present a terrific opportunity to create additional value through lease-up.

Situated on two parcels totaling ±7.9 acres, Sumiton Commons is zoned for commercial use and features excellent visibility and access via a dedicated turn lane along US Hwy 78. Located on the NW corner of Hwy 78 and Hull Road, Sumiton Common’s has convenient access from the busy byway via a dedicated turn lane. The property’s location 23 miles northwest of Birmingham features a population of workers who commute back-and-forth from the Birmingham Business District. While the City of Sumiton may be small, it’s central commercial enclave is dense and features a number of nationally recognized retailers including Walmart Supercenter, Piggly Wiggly, Taco Bell, Jack’s, AT&T and Walgreens. Hardee’s and BBVA Compass Bank both have pad site locations next to Sumiton Commons.

Positioned on an expansive parcel with an enormous parking lot, the property’s visibility, income and current occupancy presents an excellent value-add opportunity to investors.
Auctioneer Licensing Information
Ten-X Adrian Strelzow RE Brkr 000107846-0
Ten-X Mark Buleziuk Auction Firm 183

Cummings & Associates
Marl Cummings III
(251) 476-6000

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