155 Birmingham Rd
Centreville, AL 35042
Retail Property For Sale

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.