155 Birmingham Rd - Storefront FOR SALE


Centreville, AL 35042
$3,830,000 USD
770-626-0445
155 Birmingham Rd, Centreville, AL for Sale
$3,830,000 USD
Storefront - FOR SALE
1/14
null | 8% Cap Rate

155 Birmingham Rd
Centreville, AL 35042


HIGHLIGHTS

  • Multi-Tenant Retail Value-Add Opportunity
  • Strong Credit-Backed Anchor Tenancy
  • Necessity-Based Tenant Mix
  • Dominant Retail Destination Within the Trade Area
  • Compelling Basis Relative to Replacement Cost
  • Landlord-Favorable Lease Structure

OVERVIEW

Sands Investment Group is offering for sale Low-Rent Neighborhood Center, a 51,875 SF multi-tenant retail property located in Centreville, Alabama. Positioned on a 7-acre site, this asset presents a compelling opportunity for investors seeking stable cash flow with strong upside potential. Current occupancy stands at 96%, anchored by national and regional tenants, including CVS, USPS, and Dollar General Market, which collectively account for roughly 55% of the gross leasable area. In-place rents average $6 per square foot, approximately 25% below market rates, creating value-add potential through future lease rollovers. The offering also features new roof installations with transferable 20-year warranties, enhancing long-term durability and reducing capital expense risks. Investors can capitalize on a dominant retail position within the Centreville submarket, supported by necessity-based tenant mix and limited local retail competition. Key financial highlights include a cap rate of 8.0%, NOI of $306,339, and offering price of $3,830,000, equating to $73.83 per square foot. This property represents a rare combination of immediate income stability and strategic growth potential.

FOR SALE DETAILS

PRICE

$3,830,000 USD

PRICE/SF

$85 USD /SF

CAP RATE

8%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

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.