Fort Williams Square
104,939 SF | 91% Leased | Retail Building | Sylacauga, AL 35150 | $4,822,000 ($46/SF) | 8.50% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $4,822,000
- Property Type
-
Retail
- Square Feet
- 104,939 SF
- Price / Square Foot
- $46
Listing Contacts
Drew Fleming
Verified Profile
Mark Joines
Verified Profile
- Property Info
Property Overview
As exclusive broker, Newmark is pleased to present for sale Fort Williams Square, a 104,939 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 Big Lots, Aaron’s and Furniture Masters. Moreover, Piggly Wiggly recently exercised its option to renew for five years demonstrating their commitment to the center. Big Lots, a tenant since 2008, has a lease that extends through January 2028 and is paying a bargain-basement rent of only $3.57 PSF gross. 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.
Property Details
- Class
- C
- Year Built
- 1983
- Stories
- 1
- Lot Size (sq. ft)
- 488,308 SF
Highlights
- GROCERY ANCHORED CENTER WITH MINIMAL NEAR-TERM EXPIRATIONS
- PRICED WELL-BELOW REPLACEMENT COST WITH LOW INPLACE RENTS
- DOMINANT PROPERTY FUNDAMENTALS
- VALUE-ADD POTENTIAL
Nearby Properties
Similar Properties
FAQ
- How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
- Please email our support team at [email protected] and they will add the team member.
- How do I access a private listing?
- Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
- How can I contact the broker
- We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- How do I unsubscribe from emails?
- At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].