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North Broadway Avenue Strip Center - Sylacaug 20-30 N Broadway Ave 27,433 SF 100% Leased Retail Building Sylacauga, AL 35150 $2,000,000 ($72.90/SF) 7.23% Cap Rate
INVESTMENT HIGHLIGHTS
- The property is located in the heart of Sylacauga, Alabama, along North Broadway Avenue, a primary commercial corridor serving the downtown.
- Sylacauga is a well-established community known for its stable residential base, local commerce, and manufacturing sector.
- This location offers high exposure, convenient access, & long-term market stability, making it an attractive site for retail or commercial investment.
- The site benefits from excellent visibility and accessibility to local traffic and connects easily to AL-21, the city’s main thoroughfare.
- The surrounding area features a mix of retail, dining, professional services, and civic amenities, supporting consistent consumer traffic.
- This 27,433 SF multi-tenant retail strip center is 100% occupied by six tenants, including three national tenants, with annual rent escalations.
EXECUTIVE SUMMARY
Sand Investment Group is pleased to exclusively offer a multi-tenant retail strip center totaling 27,433 SF, located on a 1.66-acre lot along North Broadway Avenue, a primary commercial corridor in Sylacauga. The center is 100% occupied by six tenants, including three national tenants, and features annual rent escalations and lease options, providing stable, predictable cash flow. The property offers 85 parking spaces, excellent visibility, and easy access from the main road, enhancing tenant exposure and convenience for shoppers. Currently generating $144,599 in annual NOI, the asset is offered at a 7.23% cap rate, presenting a solid income-producing investment with upside potential.
BoR: Andrew Ackerman - Lic. AL #1089690
BoR: Andrew Ackerman - Lic. AL #1089690
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
27,433 SF
Building Class
C
Year Built
1960
Price
$2,000,000
Price Per SF
$72.90
Cap Rate
7.23%
NOI
$144,599
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.38
Lot Size
1.66 AC
Zoning
C - Commercial
Parking
85 Spaces (3.27 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Pylon Sign
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Buddy's Home Furnishings
- Retailer
- 3,840 SF
- -
- -
- Aug 2027
- Family Dollar
- Retailer
- 9,600 SF
- -
- Triple Net
- Jan 2030
- King Vape & Tobacco
- Retailer
- 2,525 SF
- -
- -
- -
- Liberty Tax & Loans
- Information
- 3,990 SF
- -
- -
- Oct 2028
- Panda Inn
- Accommodation and Food Services
- 2,525 SF
- -
- -
- Aug 2029
- T-Mobile
- Services
- 3,510 SF
- -
- -
- Oct 2028
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Buddy's Home Furnishings | Retailer | 3,840 SF | - | - | Aug 2027 | |
| Family Dollar | Retailer | 9,600 SF | - | Triple Net | Jan 2030 | |
| King Vape & Tobacco | Retailer | 2,525 SF | - | - | - | |
| Liberty Tax & Loans | Information | 3,990 SF | - | - | Oct 2028 | |
| Panda Inn | Accommodation and Food Services | 2,525 SF | - | - | Aug 2029 | |
| T-Mobile | Services | 3,510 SF | - | - | Oct 2028 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 27-09-29-4-000-185.000 | Improvements Assessment | $259,820 |
| Land Assessment | $39,280 | Total Assessment | $299,100 |
PROPERTY TAXES
Parcel Number
27-09-29-4-000-185.000
Land Assessment
$39,280
Improvements Assessment
$259,820
Total Assessment
$299,100
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North Broadway Avenue Strip Center - Sylacaug | 20-30 N Broadway Ave
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