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227 N Broadway Ave
Sylacauga, AL 35150

$306,488 USD

Storefront For Sale  •  6,123 SF

Property Details

  • Property Type Storefront
  • Total Building Size 6,123 SF
  • Lot Size 0.15 AC
  • Building Class B
  • Year Built 1920
  • Cap Rate 6.75 %
  • Tenancy Multiple
0 Transit Score
59 Walk Score

Highlights

Long-Term, Credit-Backed Anchor - Sherwin-Williams has operated at this location for 50+ years; S&P BBB credit rating
Stabilized Retail Asset - 100% leased: Sherwin-Williams plus one service tenant; 6,123 SF total GLA
Attractive Price Point - 306K**and**50 PSF, rarely seen for a national-credit tenant
NN+ Lease with minimal responsibilities.
Strong Remaining Term - 3.5+ years left on the primary term with structured increases and multiple long-term extension options
Renewal Options - The lease includes (1) 2 Year Option and (5) 5 Year Options

Property Flyers

Cap Rate: 6.75 %

Major Tenants

Tenant SF Occupied Lease End Date
Dustins Barbershop
Sherwin-Williams

Amenities

  • Signalized Intersection

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 2
Type: Surface
Included in Rent: Yes
McKenna Langley 346-825-0599 AiCRE Partners
McKenna Langley 346-825-0599 AiCRE Partners