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227 N Broadway Ave 6,123 SF 100% Leased Retail Building Sylacauga, AL 35150 $297,861 ($48.65/SF) 6.50% Cap Rate

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Investment Highlights

  • Long-Term, Credit-Backed Anchor - Sherwin-Williams has operated at this location for 50+ years; S&P BBB credit rating
  • Attractive Price Point - 297K**and**48 PSF, rarely seen for a national-credit tenant
  • Strong Remaining Term - 3.5+ years left on the primary term with structured increases and multiple long-term extension options
  • Stabilized Retail Asset - 100% leased: Sherwin-Williams plus one service tenant; 6,123 SF total GLA
  • NN+ Lease with minimal responsibilities.
  • Renewal Options - The lease includes (1) 2 Year Option and (5) 5 Year Options

Executive Summary

AiCRE Partners is proud to present 227 N Broadway Ave, a fully occupied 6,123 SF retail asset strategically positioned in the commercial core of Sylacauga, Alabama. The property is anchored by Sherwin-Williams, a nationally recognized paint retailer with an exceptional operating history at this location dating back to 1974. Their long-term presence demonstrates strong in-market performance and ongoing demand for this corridor. The asset benefits from a high- visibility, signalized corner along N Broadway Ave, one of Sylacauga’s primary north–south arteries, seeing 9,000+ vehicles per day. Dual street frontage enhances accessibility and brand exposure for all tenants.
Sherwin-Williams occupies 5,523 SF, while one local service-oriented tenant contributes additional income and foot traffic. The store operates under a NN+ lease with 3.5+ years remaining with multiple renewal options extending well into the future. Sherwin-Williams maintains an investment-grade credit rating (S&P: BBB) and continues to demonstrate performance stability across its portfolio. With over 18,000 residents within a 5-mile radius, consistent employment in the local trade area, and proximity to Coosa Valley Medical Center—a major regional employer— the property is supported by steady, needs-based consumer activity. Updated demographic data show resilient household income and strong spending power in everyday retail categories surrounding the site. Priced at $297,861 with a 6.50% cap rate, 227 N Broadway offers investors an accessible entry point into a durable, credit-backed retail investment with a half-century operating history and future upside through contractual rent escalations.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
6,123 SF
Building Class
B
Year Built
1920
Price
$297,861
Price Per SF
$48.65
Cap Rate
6.50%
NOI
$19,361
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.94
Lot Size
0.15 AC
Parking
2 Spaces (0.32 Spaces per 1,000 SF Leased)
Frontage
55’ on Broadway Ave

Amenities

  • Signalized Intersection

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Dustins Barbershop
  • Services
  • -
  • -
  • -
  • Manufacturing
  • -
  • -
  • -

Sherwin-Williams is a global leader in the development, manufacture, and distribution of paints, coatings, and related products for professional, industrial, commercial, and retail customers. Established in 1866, the company operates through a network of company-owned stores, independent dealers, and mass merchandisers, offering architectural paints, industrial coatings, and specialty finishes. Its portfolio includes well-known brands such as Dutch Boy, Krylon, Minwax, and Thompson’s WaterSeal. Sherwin-Williams also provides automotive finishes and protective coatings for industrial applications.

Tenant Industry SF Occupied Rent/SF Lease End
Dustins Barbershop Services - - -
Manufacturing - - -

Nearby Major Retailers

Bank of America
Buddy's Home Furnishings
Workout Anytime
Rent-A-Center
Piggly Wiggly

Property Taxes

Property Taxes

Parcel Number
27-09-29-3-000-211.000
Land Assessment
$3,120
Improvements Assessment
$9,580
Total Assessment
$12,700
  • Listing ID: 38612341

  • Date on Market: 12/1/2025

  • Last Updated:

  • Address: 227 N Broadway Ave, Sylacauga, AL 35150

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