155 birmingham Rd - Storefront FOR SALE


Centreville, AL 35042 | 
$3,082,000 USD
770-626-0445
155 birmingham Rd, Centreville, AL for Sale
$3,082,000 USD
Storefront - FOR SALE
1/5
null | 8.5% Cap Rate

155 birmingham Rd
Centreville, AL 35042


HIGHLIGHTS

  • In-place rents average approximately $6 PSF, providing meaningful upside through future lease rollovers. The property is attractively priced at below
  • 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 $59 PSF, providing investors the opportunity to acquire the asset at a significant discount to replacement value.
  • New 2026 roofs with transferable 20- year warranties in place, minimizing future maintenance risk and capital costs.

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, providing investors with the potential for future income growth.? The property is 100% occupied, providing stable in-place cash flow while offering meaningful rental upside over the long term, creating a secure investment with strong value-add potential.? BoR: Andrew Ackerman - Lic. AL #1089690

FOR SALE DETAILS

PRICE

$3,082,000 USD

PRICE/SF

$59 USD /SF

CAP RATE

8.5%

% 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.