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Russellville Plaza - Russellville, AL 306-318 Jackson Ave S 27,950 SF 100% Leased Retail Building Russellville, AL 35653 $1,425,000 ($50.98/SF) 7.56% Cap Rate
INVESTMENT HIGHLIGHTS
- Value-Add Through Mark-to-Market Rents: Current Rents Are Below Market, With Shorter Lease Terms Offering Near- Term Opportunity to Reposition Tenancy
- Parking & Accessibility: Features On-Site Parking and Easy Access From Jackson Ave S, and Benefitting From 122 Parking Spots
- Strong Occupancy: 94% Occupancy Allowing For Additional NOI Increase Through the Remaining 6% Available
- Strong Visibility: The Property is Centrally Located in Downtown Russellville, Along Jackson Ave S, With Visibility Along Three Major Roads
- Long Term Tenancy: Anchor Tenant Big Star Has Been at the Location Since 2017
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 27,950 SF Russellville Plaza Located at 306 Jackson Avenue in Russellville, Alabama. This Deal Includes a Value-Add Through Mark-to-Market Rents: Current Rents Are Below Market, With Shorter Lease Terms Offering Near-Term Opportunity to Reposition Tenancy and Increase NOI.
BoR: Andrew Ackerman - Lic. AL #1089690
BoR: Andrew Ackerman - Lic. AL #1089690
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
27,950 SF
Building Class
C
Year Built
1950
Price
$1,425,000
Price Per SF
$50.98
Cap Rate
7.56%
NOI
$107,703
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.41
Lot Size
1.56 AC
Zoning
commercial - commercial
Frontage
296’ on JACKSON AVE
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Big Star Grocery
- Retailer
- -
- $4.95
- Jul 2029
- Cell Touch
- Retailer
- -
- $8.49
- Aug 2025
- Faith Outreach Mission
- Retailer
- -
- $1.68
- -
- Happy Days Beverages
- Retailer
- -
- $9.60
- Aug 2028
- Hester Printing
- Retailer
- -
- $3.60
- -
- Ivan and Deliah
- Retailer
- -
- $5.60
- Nov 2025
- Tower Loans
- Retailer
- -
- $11.67
- Dec 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Big Star Grocery | Retailer | - | $4.95 | Jul 2029 | ||
| Cell Touch | Retailer | - | $8.49 | Aug 2025 | ||
| Faith Outreach Mission | Retailer | - | $1.68 | - | ||
| Happy Days Beverages | Retailer | - | $9.60 | Aug 2028 | ||
| Hester Printing | Retailer | - | $3.60 | - | ||
| Ivan and Deliah | Retailer | - | $5.60 | Nov 2025 | ||
| Tower Loans | Retailer | - | $11.67 | Dec 2025 |
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Previous barber shop, would be a great barber shop or other type of retail space.
| Space | Size | Space Use | Position | Available |
| 310 | 3,000 SF | Retail | - | 30 Days |
310
| Size |
| 3,000 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
310
| Size | 3,000 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Previous barber shop, would be a great barber shop or other type of retail space.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-09-30-4-403-018.000-0 | Improvements Assessment | $213,260 |
| Land Assessment | $8,960 | Total Assessment | $222,220 |
PROPERTY TAXES
Parcel Number
02-09-30-4-403-018.000-0
Land Assessment
$8,960
Improvements Assessment
$213,260
Total Assessment
$222,220
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Russellville Plaza - Russellville, AL | 306-318 Jackson Ave S
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