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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

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.
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
Amenities
- Signalized Intersection
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Dustins Barbershop
- Services
- -
- -
- -
Sherwin-Williams began in 1866 when Henry Sherwin and Edward Williams opened a paint store in Cleveland, Ohio. The company expanded nationally through the late 19th century by establishing manufacturing facilities. Their business model includes three segments: Paint Stores Group for contractors, Consumer Brands Group for retail sales, and Performance Coatings Group serving industrial markets. The company operates in both professional and DIY markets through company-owned stores and third-party distributors.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Dustins Barbershop | Services | - | - | - | ||
|
Manufacturing | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Number | 27-09-29-3-000-211.000 | Improvements Assessment | $20,560 |
| Land Assessment | $3,120 | Total Assessment | $23,680 |
Property Taxes
Parcel Number
27-09-29-3-000-211.000
Land Assessment
$3,120
Improvements Assessment
$20,560
Total Assessment
$23,680
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227 N Broadway Ave
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