2969 Pelham Pky - Storefront FOR SALE
Pelham, AL 35124 |
$3,263,000 USD
770-626-0445
2969 Pelham Pky
Pelham, AL 35124
HIGHLIGHTS
- 31,598 SF unanchored retail center currently 82% occupied, with in-place rents significantly below market.
- ~13% pro-forma cash-on-cash return at the asking price.
- Exceptionally strong demographics with an average household income exceeding $126,000 within a 5-mile radius.
- Longstanding local tenancy provides operating stability while reducing near-term rollover risk.
- Prominent positioning along Pelham Parkway with over 35,996 VPD and surrounded by national retailers.
- Offered at $103.27 PSF, providing an attractive basis with value-add potential.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale Alpine Square, a 31,598 SF unanchored retail center located at 2969 Pelham Parkway in Pelham, AL. The property is currently 82% occupied with gross leases and offers a strong value-add opportunity, with in-place rents significantly below market, providing investors with potential for increased rental income and long-term value appreciation.
BoR: Andrew Ackerman - Lic. AL #1089690
FOR SALE DETAILS
PRICE
$3,263,000 USD
PRICE/SF
$103 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Alpine Square - Pelham, AL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Storefront Retail/Office, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1987
SPRINKLERS
-
PARKING SPACES
130
LAND DETAILS
LAND ACRES
2.73 AC
LAND SF
118,919 SF
ZONING
B-2
APN/PARCEL ID
13-6-13-2-001-006-000
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
770-626-0445
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
770-626-0445
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
