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North Broadway Avenue Strip Center 20-30 N Broadway Ave 26,700 SF 100% Leased Retail Building Sylacauga, AL 35150 $1,800,000 ($67.42/SF) 7.31% Cap Rate
Investment Highlights
- The property is located in the heart of Sylacauga, Alabama, along North Broadway Avenue, a primary commercial corridor.
- 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 tenant mix consists of 4 national franchise tenants (Family Dollar, T-Mobile, Buddy's, and Liberty Tax) providing stable & predictable cash flow.
- This 26,700 SF multi-tenant retail strip center with 25,990 SF of rentable space is 100% occupied by 6 tenants, including 4 national tenants.
Executive Summary
Sands Investment Group is pleased to exclusively offer a multi-tenant retail strip center totaling 26,700 SF, located on a 1.66 acre lot along North Broadway Avenue, a primary commercial corridor in Sylacauga. The center is 100% occupied by 6 tenants, including 4 national franchise tenants (Family Dollar, T-Mobile, Buddy's, and Liberty Tax), providing stable and 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 $131,628 in annual NOI, the asset is offered at a 7.31% 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
26,700 SF
Building Class
C
Year Built
1960
Price
$1,800,000
Price Per SF
$67.42
Cap Rate
7.31%
NOI
$131,628
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
1.66 AC
Zoning
C - Commercial
Parking
85 Spaces (3.18 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
- Buddy's
- Retailer
- 3,840 SF
- $6.56
- Single Net
- Aug 2027
- Family Dollar
- Retailer
- 9,600 SF
- $7.83
- Triple Net
- Jan 2030
- King Vape
- Retailer
- 2,525 SF
- $8.55
- Single Net
- -
- Liberty Tax
- Finance and Insurance
- 3,990 SF
- $5.71
- Single Net
- Oct 2028
- Panda Inn
- Accommodation and Food Services
- 2,525 SF
- $8.08
- Single Net
- Aug 2029
- T-Mobile
- Retailer
- 3,510 SF
- $5.81
- Single Net
- Oct 2028
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
| Buddy's | Retailer | 3,840 SF | $6.56 | Single Net | Aug 2027 | |
| Family Dollar | Retailer | 9,600 SF | $7.83 | Triple Net | Jan 2030 | |
| King Vape | Retailer | 2,525 SF | $8.55 | Single Net | - | |
| Liberty Tax | Finance and Insurance | 3,990 SF | $5.71 | Single Net | Oct 2028 | |
| Panda Inn | Accommodation and Food Services | 2,525 SF | $8.08 | Single Net | Aug 2029 | |
| T-Mobile | Retailer | 3,510 SF | $5.81 | Single Net | Oct 2028 |
Fairly walkable
50/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-09-29-4-000-185.000 | Improvements Assessment | $283,420 |
| Land Assessment | $39,280 | Total Assessment | $322,700 |
Property Taxes
Parcel Number
27-09-29-4-000-185.000
Land Assessment
$39,280
Improvements Assessment
$283,420
Total Assessment
$322,700
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North Broadway Avenue Strip Center | 20-30 N Broadway Ave