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Investment Highlights
- Best-in-market retail destination, which is home to a synergistic mix of national credit anchors Including T.J.Maxx, Burlington, and Old Navy
- Strategically positioned within the heart of Gadsden’s retail nucleus, on the east side of the downtown area - Fronting E Meighan Blvd (US-431)
- Very advantageous average remaining anchor lease term of 7 years - Bolstered by T.J.Maxx, which recently renewed for 10 years through 2035
- Shadow-anchored by an extremely high performing regional draw — Walmart Supercenter - Ranked the #15 store of 102 in Alabama (top 14%)
- Extremely strong tenant roster comprised of over 87% national retail tenants - Providing ample stability
- Main & Main High Traffic Location with Strong Shopping Center Fundamentals - Including solid visibility and frontage along US-431
Executive Summary
Hutt Cooke
License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Property Facts Under Contract
Amenities
- Pylon Sign
- Signage
- Tenant Controlled HVAC
- Wheelchair Accessible
- Storage Space
- Monument Signage
- Air Conditioning
- Smoke Detector
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
Bealls began in 1915 as the Dollar Limit store in Florida and later grew into a family-owned retail company. The business expanded through renamed stores and now operates under the bealls, Bealls Florida, and Home Centric banners, with an emphasis on off-price merchandise for apparel, footwear, accessories, and home goods. Bealls has remained within the founding family and continues to serve customers through store and online channels across a broad retail footprint.
Firehouse Subs began in 1994 in Jacksonville, Florida, founded by former firefighter brothers Chris Sorensen and Robin Sorensen. The restaurant chain focuses on hot subs made with meats and cheeses, along with salads, catering, and a customer rewards program. Firehouse Subs supports public safety through the Firehouse Subs Public Safety Foundation, which provides equipment and resources for first responders and public safety organizations.
GameStop began as Babbage's in Dallas in 1984 and later adopted its current name in 1999. The company focuses on retail gaming and trade-in services for games, systems, consoles, cards, and accessories. The company's merchandising also includes collectibles, apparel, toys, and gaming-related trading card offerings, including the Power Packs digital trading card platform. GameStop maintains a notable retail presence in the United States, Australia, and Europe through multiple brands and online storefronts.
Nail Palace is a local nail salon in the Gadsden, Alabama area offering nail services to their customers.
Old Navy began in 1994 as part of Gap Inc. and opened its first store that year, building a separate brand identity around affordable clothing for families. The company operates as a global apparel and accessories brand with a focus on everyday fashion, including clothing for women, men, children, and infants. Over time, Old Navy has expanded from a value-oriented retail concept into a broad merchandise business with a significant omnichannel presence across physical stores and digital shopping.
Petco began in 1965 as a mail-order veterinary supplies business and later became Petco in the late 1970s. The company now operates as a pet health and wellness business offering pet care products, grooming, positive dog training, veterinary services, vaccination clinics, and membership offerings through stores and digital channels. Petco's service mix extends beyond retail into broader wellness solutions, with products and services aimed at pets, pet parents, and routine care needs. Petco also founded Petco Love in 1999 to support animal welfare groups and adoption efforts.
Rack Room Shoes began in 1922 in Salisbury, North Carolina, originally called Phil's Shoe. The company expanded its product lines over the decades and now serves customers through two main brands. They provide a variety of footwear for all ages and multiple private label brands. The retailer maintains a significant presence across many states with both physical stores and online shopping options.
Sally Beauty began with a first store in New Orleans in 1964 and grew into a specialty beauty business serving both retail shoppers and salon professionals. The company now operates through two business segments, Sally Beauty and Beauty Systems Group, with offerings that include hair color, hair care, nails, skin care, styling tools, salon equipment, and related supplies. The company continues to invest in digital marketplaces, owned and third-party brands, expanded distribution, and new services across both segments.
The TJX Companies began in 1976 when a new off-price chain was developed to sell family apparel and home fashions, and T.J. Maxx opened its first stores in 1977. The company operates a broad off-price retail business centered on apparel, home fashions, and designer and brand-name merchandise sold at discounted prices through banners such as T.J. Maxx, Marshalls, HomeGoods, Homesense, and Sierra. TJX runs e-commerce sites in the U.S. and Europe, supporting a multi-channel retail model across North America, Europe, and Australia. Over time, the business expanded from its original T.J. Maxx concept into multiple retail banners that serve shoppers seeking changing assortments of apparel and home merchandise.
Xfinity began as Comcast's consumer brand for cable, internet, voice, and wireless services, and the brand was introduced in 2010. The company offers broadband internet, Wi-Fi, mobile service, TV and streaming products, home phone, and home security through its residential lineup. Comcast places Xfinity within its Connectivity & Platforms business, which delivers broadband, mobile, and entertainment services alongside Comcast Business and Sky. Xfinity supports customers with online account help, service plans, and product education.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
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Retailer | - | - | - | ||
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Accommodation and Food Services | - | - | - | ||
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Retailer | - | - | - | ||
| Nail Palace | Services | - | - | Nov 2022 | ||
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Retailer | - | - | - | ||
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Retailer | - | - | - | ||
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Retailer | - | - | - | ||
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Retailer | - | - | - | ||
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Retailer | - | - | - | ||
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Information | - | - | - |
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $1,539,560 | |
| Land Assessment | $290,160 | Total Assessment | $1,829,720 |



