Property Description
Investment Grade Anchor Tenant: Family Dollar, a BBB-rated investment-grade tenant, offers property stability and low-risk appeal.
Anchor Tenant Tenure: Family Dollar anchors the center, generating strong foot traffic. Their 20+ year presence indicates a high likelihood of lease renewal.
100% Occupancy: The center's 100% occupancy ensures reliable income and reflects strong demand for the space.
Low PPSF Compared to Market: Market average for this asset type is $130 PPSF, but this site is offered at $74.
Nearby Surrounding Residential: Over 6,500 homes within 3 miles provide a convenient commute to the site.
Retail Corridor: Major national tenants within a half-mile—like Walgreens, Arby's, and AutoZone—highlight the area's strong real estate fundamentals.
High Traffic 10,371 VPD: Located off the main thoroughfare in Sylacauga, which has 12,500 residents, the property benefits from high traffic with over 10,000 cars passing daily—over 80% of the town's population.
Accessibility Off Broadway Ave: The property features two entry points and a center turn lane for easy accessibility.
Ample Parking: The center offers around 90 parking spaces, providing one space per 315 square feet to handle high traffic volumes.
Offering Memorandum
Property Details
Property Type
Retail
Net-Lease
Size
28,515
Acres
Property Location
20-30 N Broadway Ave, Sylacauga, AL 35150, USA