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28828406

1351 W Fort Williams St, Sylacauga, AL 35150

MJ
GA 321958, SC 83246 (+2)
Newmark - Atlanta - 3455 Peachtree Road
SM
GA GA 445056
Newmark - Atlanta - 3455 Peachtree Road
DF
GA 262066, AL 000076170 (+2)
Newmark - Atlanta - 3455 Peachtree Road
Listed by Newmark - Atlanta - 3455 Peachtree Road
$6,025,000
175 days on market
Updated 80 days ago

Fort Williams Square

Details
APN 27-09-31-2-014-001.001
Property Type Retail
Sub Type Auto Shop
Square Footage 104,409
Net Rentable (SqFt) 104,409
Units 10
Cap Rate 8.34%
NOI $502,266
Occupancy 98%
Tenancy Multi
Price per SqFt $58
Class B
Year Built 1983
Buildings 2
Stories 1
Acreage 11.210
Parking Spaces 404 spaces
Parking Per SqFt 3.87
Investment Type Core

New Offering: SE Grocery Anchored Center | 104K SF | National & Regional Tenants

Marketing description

As exclusive broker, Newmark is pleased to present for sale Fort Williams Square, a 104,409 square foot community shopping center in Sylacauga, Alabama. Anchored by a Piggly Wiggly supermarket, 85% of the property’s GLA is leased to national or regional tenants including Harbor Freight, Aaron’s and Furniture Masters. Moreover, Piggly Wiggly recently exercised its option to renew for five years demonstrating their commitment to the center.

Fort Williams Square is strategically positioned at the corner, signalized intersection of US 231/280 and Fort Williams Street. Positioned less than a mile west of Coosa Valley Medical Center (263 beds) and a mile east of the Imerys quarry, Fort Williams Square benefits from its close proximity to the area’s primary employers. Furthermore, the subject property is located within a mile of a Walmart Supercenter, Home Depot, Publix, TJ Maxx, Hobby Lobby and many other national retailers. Combined with the center’s national tenant line-up and excellent fundamentals, Fort Williams Square is poised to provide investors with a robust cash flow for years to come.

Investment highlights

  • GROCERY ANCHORED CENTER WITH MINIMAL NEAR-TERM EXPIRATIONS | NEW HARBOUR FREIGHT LEASE

  • PRICED WELL-BELOW REPLACEMENT COST WITH LOW INPLACE RENTS

  • DOMINANT PROPERTY FUNDAMENTALS

  • VALUE-ADD POTENTIAL

Listing Contacts

MJ
GA 321958, SC 83246 (+2)
Newmark - Atlanta - 3455 Peachtree Road
SM
GA GA 445056
Newmark - Atlanta - 3455 Peachtree Road
DF
GA 262066, AL 000076170 (+2)
Newmark - Atlanta - 3455 Peachtree Road
Listed by Newmark - Atlanta - 3455 Peachtree Road

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$502,266.00
$41,855.50/mo

Valuation Metrics

0
DSCR
8.34%
Cap Rate
8.34%
ROI

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