400 E Meighan Blvd - Freestanding FOR SALE


Gadsden, AL 35903
$1,624,615 USD
765-293-2933
400 E Meighan Blvd, Gadsden, AL for Sale
$1,624,615 USD
Freestanding - FOR SALE
1/6
null | 6.5% Cap Rate

400 E Meighan Blvd
Gadsden, AL 35903


HIGHLIGHTS

  • Outlot to Walmart Supercenter, which saw 2.6 million visits in 2024.
  • High visibility on Meighan Blvd with 37,000 + VPD.
  • Signalized intersection hard corner.
  • Surrounding National Retailers: Aldi, Lowe’s, Academy Sports + Outdoors, T.J. Maxx, Old Navy, Petco, Ulta Beauty, Five Below, and Hobby Lobby.
  • Recently extended lease.
  • Corporate guarantee from Sleep Outfitters USA with 100+ locations.

OVERVIEW

Bellagio Real Estate Partners, in conjunction with Bang Realty, Inc., is pleased to present an investment opportunity to acquire a freestanding Sleep Outfitters located at 400 E Meighan Blvd, Gadsden, AL. This 4,000-square-foot building is strategically positioned along a key high-traffic corridor that experiences over 37,000 vehicles per day, and serves as an outparcel to a Walmart Supercenter, which recorded over 2.6 million visits in 2024 (PlacerAI). The asset is further bolstered by its recently extended lease with limited landlord responsibilities. The property consists of a 0.40 acre parcel in a dense and vibrant retail hub. Neighboring tenants include a strong mix of national retailers such as ALDI, Lowe’s, Academy Sports + Outdoors, T.J. Maxx, Old Navy, Petco, Ulta Beauty, Five Below, Hobby Lobby, Walgreens, Dollar General, Harbor Freight, and many more. Additionally, Sleep Outfitters is conveniently located just over 2 miles from the Gadsden Mall, which saw more than 3 million visits in 2024. The property’s prime location at a signalized corner in one of Gadsden’s premier retail corridors ensures excellent visibility, accessibility, and cross-shopping opportunities, making it a compelling addition to any investor’s portfolio.

FOR SALE DETAILS

PRICE

$1,624,615 USD

PRICE/SF

$407 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C2

APN/PARCEL ID

15-02-03-4-000-137.000

ASK ABOUT THIS PROPERTY

Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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Connor OkeBellagio Real Estate Partners LLCMore Info
765-293-2933

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