306-318 Jackson Ave S - Storefront FOR SALE
Russellville, AL 35653 |
$1,600,000 USD
754-752-6533
306-318 Jackson Ave S
Russellville, AL 35653
HIGHLIGHTS
- Value-Add Through Mark-to-Market Rents: Current Rents Are Below Market, With Shorter Lease Terms Offering Near- Term Opportunity to Reposition Tenancy
- Strong Visibility: The Property is Centrally Located in Downtown Russellville, Along Jackson Ave S, With Visibility Along Three Major Roads
- Parking & Accessibility: Features On-Site Parking and Easy Access From Jackson Ave S, and Benefitting From 122 Parking Spots
- Long Term Tenancy: Anchor Tenant Big Star Has Been at the Location Since 2017
- Strong Occupancy: 94% Occupancy Allowing For Additional NOI Increase Through the Remaining 6% Available
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 27,950 SF Russellville Plaza Located at 306 Jackson Avenue in Russellville, Alabama. This Deal Includes a Value-Add Through Mark-to-Market Rents: Current Rents Are Below Market, With Shorter Lease Terms Offering Near-Term Opportunity to Reposition Tenancy and Increase NOI, Providing For a Secure Investment.
BoR: Andrew Ackerman - Lic. AL #1089690
FOR SALE DETAILS
PRICE
$1,600,000 USD
PRICE/SF
$62 USD /SF
CAP RATE
6.68%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Russellville Plaza - Russellville, AL
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront
ADD'L SUBTYPES
Freestanding, Storefront Retail/Office
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1950
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.56 AC
LAND SF
67,954 SF
ZONING
commercial
APN/PARCEL ID
02-09-30-4-403-018.000-0
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754-752-6533
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754-752-6533
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