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155 Birmingham Rd 51,875 SF 100% Leased Retail Building Centreville, AL 35042 $3,830,000 ($73.83/SF) 8% Cap Rate



Investment Highlights
- In-place rents average approximately $6 PSF, well below the estimated market rate of $8 PSF, providing meaningful upside through future lease rollover
- A strategic blend of national and regional retailers and service providers creates a diversified roster.
- Offered at approximately $74 PSF, providing investors the opportunity to acquire the asset at a significant discount to replacement value.
- USPS, CVS, and Dollar General Market collectively account for approximately 55% of the center’s GLA.
- Limited competing retail inventory positions the center as one of the primary shopping destinations within the Centreville submarket.
- All tenants operate under attractive net lease arrangements, helping minimize ownership responsibilities and support predictable cash flow.
Executive Summary
BoR: Andrew Ackerman - Lic. AL #1089690
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Cv Home Health
- Health Care and Social Assistance
- 4,000 SF
- -
- Jul 2026
CVS Pharmacy began in 1963 as Consumer Value Stores in Lowell, Massachusetts, selling health products. The company expanded into pharmacy services in 1967 and was later acquired by Melville Corporation. Through strategic acquisitions like MinuteClinic and Caremark, CVS grew its healthcare services. The 2018 merger with Aetna made CVS Health a major player in insurance. Today, the company operates pharmacies nationwide, manages pharmacy benefits, and provides health insurance through various subsidiaries.
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business started by J.L. Turner and Cal Turner Sr., and the first Dollar General store opened in the mid-1950s. The company operates a discount retail model through Dollar General, DG Market, DGX, and pOpshelf formats, serving customers with food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, seasonal décor, private brands, and national labels. Dollar General supports online shopping and positions itself around affordable everyday goods and community-focused services.
Domino’s began in 1960 as a single pizza store in Ypsilanti, Michigan, and grew from that origin into a major global pizza brand. The company focuses on making, baking, and delivering pizza through a franchise-driven model that supports household customers in the U.S. and international markets. Domino’s business also includes menu development and store design, with a history of expanding its pizza offerings and related food items over time.
Rent-A-Center began in 1973 as a rent-to-own business focused on furniture and household goods, later building a broader retail model around flexible payment agreements. The company offers furniture, appliances, electronics, computers, tools, and related home essentials through online and store-based shopping, with services that include delivery, setup, and product service and repair in its payment agreements. Rent-A-Center maintains a wide presence across the United States and Mexico and remains centered on branded household goods for shoppers seeking alternatives to traditional credit-based buying.
The United States Postal Service has a storied history as the institution of their Government guaranteeing safe and secure communication among and between the Government and the American people. Many are familiar with their history, which began with the Second Continental Congress and Benjamin Franklin in 1775 and continued in 1787 when the Postal Clause of the U.S. Constitution empowered Congress to establish post offices and post roads. Congress exercised those powers with the passage of The Post Office Act of 1792, which made the Postal Service a permanent fixture of the Federal Government. The Act included provisions to facilitate freedom of the press, the privacy of personal correspondence, and expand the nation’s physical infrastructure, all vital to their nation’s growth and prosperity.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Cv Home Health | Health Care and Social Assistance | 4,000 SF | - | Jul 2026 | ||
|
Retailer | 8,400 SF | - | Feb 2029 | ||
|
Retailer | 13,000 SF | - | Oct 2027 | ||
|
Accommodation and Food Services | 1,400 SF | - | Aug 2035 | ||
|
Rental and Leasing Services | 9,100 SF | - | Oct 2030 | ||
|
Transportation and Warehousing | 6,875 SF | - | Mar 2029 |
Property Taxes
| Parcel Number | 15-07-26-1-000-030-0040 | Improvements Assessment | $423,960 |
| Land Assessment | $39,900 | Total Assessment | $463,860 |
Property Taxes
Presented by
155 Birmingham Rd
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