155 birmingham Rd - Storefront FOR SALE


Centreville, AL 35042
$3,404,000 USD
770-626-0445
155 birmingham Rd, Centreville, AL for Sale
$3,404,000 USD
Storefront - FOR SALE
1/5
null | 9% Cap Rate

155 birmingham Rd
Centreville, AL 35042


HIGHLIGHTS

  • In-place rents average approximately $6 PSF, well below the estimated market rate of $8 PSF, providing meaningful upside through future lease rollover
  • USPS, CVS, and Dollar General Market collectively account for approximately 55% of the center’s GLA.
  • A strategic blend of national and regional retailers and service providers creates a diversified roster.
  • Limited competing retail inventory positions the center as one of the primary shopping destinations within the Centreville submarket.
  • Offered at approximately $74 PSF, providing investors the opportunity to acquire the asset at a significant discount to replacement value.
  • All tenants operate under attractive net lease arrangements, helping minimize ownership responsibilities and support predictable cash flow.

OVERVIEW

Sands Investment Group is pleased to exclusively offer for sale the 51,875 SF Low-Rent Neighborhood Center located at 155 Birmingham Road and 24 Hazel Street in Centreville, AL. This offering presents a multi-tenant retail value-add opportunity with in-place rents significantly below market rates (approximately $6 PSF versus $8 PSF market), providing investors with the potential for future income growth. The property is 96% occupied, with only one 1,800 SF vacant suite remaining, offering immediate leasing upside while generating stable cash flow, making it a secure and attractive investment opportunity. BoR: Andrew Ackerman - Lic. AL #1089690

FOR SALE DETAILS

PRICE

$3,404,000 USD

PRICE/SF

$66 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Low-Rent Neighborhood Center - Centreville

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Drug Store, Supermarket, Department Store

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

6.4 AC

LAND SF

278,784 SF

ZONING

Commercial

APN/PARCEL ID

15-07-26-1-000-030-0040

ASK ABOUT THIS PROPERTY

Andrew AckermanSands Investment Group Atlanta, LLCMore Info
770-626-0445

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Andrew AckermanSands Investment Group Atlanta, LLCMore Info
770-626-0445

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