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Low-Rent Neighborhood Center - Centreville 155 birmingham Rd 51,875 SF 100% Leased Retail Building Centreville, AL 35042 $3,404,000 ($65.62/SF) 9% 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, and the CVS name followed the next year. Pharmacies were added to CVS stores in Cranston, Rhode Island, and the business later became part of CVS Health, which expanded the enterprise into retail pharmacy, prescription benefits, and related health services. CVS Pharmacy operates as a retail pharmacy chain with neighborhood, mail-order, and specialty pharmacy services, plus prescription delivery and savings support. The company sells over-the-counter medicines, beauty products, seasonal merchandise, and convenience foods, and offers in-store and virtual care through MinuteClinic and related services.
Dollar General began in 1939 as J.L. Turner and Son Wholesale Company, a dry-goods business created by J.L. Turner and Cal Turner. The company later evolved into a discount retailer and now focuses on everyday essentials, including food, health and wellness products, cleaning and laundry supplies, self-care and beauty items, and seasonal décor, alongside private brands and well-known national brands. Dollar General also operates DG Market, DGX, and pOpshelf formats in the United States and Mi Súper Dollar General stores in Mexico, while continuing to build a broad convenience-oriented general merchandise business.
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 traces its origins to 1775, when the colonial postal system became the Post Office of the United States and Benjamin Franklin served as the first postmaster general. The organization provides mail delivery, package delivery, postage products, and shipping services, including First-Class Mail, Marketing Mail, Periodicals, and Package Services. The business serves residences, businesses, and Post Office Boxes across the nation, and routine operating expenses are funded primarily through postage, products, and services rather than tax dollars. The organization maintains continued emphasis on nationwide delivery reliability, transportation, processing, and package network operations.
| 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
Contact the Sale Advisor
Low-Rent Neighborhood Center - Centreville | 155 birmingham Rd
