Pell City Strip Center — Sale in Pell City, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Pell City, AL 35125

Photos

Pell City Strip Center — Sale in Pell City, AL, photo 1 of 4
Pell City Strip Center — Sale in Pell City, AL, photo 2 of 4
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Pell City Strip Center — Sale in Pell City, AL, photo 4 of 4

Investment Figures

Cap rate
8.50%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

UNANCHORED STRIP CENTER | PELL CITY, AL • Pell City Strip is a 40K SF unanchored strip center located in Pell City, AL • The property is 100% leased and features a mix of internet-resistant tenants • The property is well below replacement cost at $56/SF • The property reaches a surrounding trade area of 15+ miles SEASONED TENANT BASE • Tenants have occupied the property for an average of approximately 8 years, demonstrating long-term commitment to the location • Several tenants like Standard Furniture, Tower Loan, and BAM’s Coin Laundry have been occupying this center for 10+ years • The tenant lineup provides a combination of established regional and national operators: Standard Furniture operates throughout Alabama and Tennessee, Tower Loan operates more than 260 offices across multiple states, and Boost Mobile maintains thousands of retail locations nationwide • Boost Mobile is ranked in the top 23% of stores in AL and in the top 27% of stores nationwide MARK TO MARKET UPSIDE • Average in-place rent of approximately $6.01/SF is 47% below CoStar market rent of $11.42/SF • Low in-place rents provide the buyer with a huge upside opportunity by bringing these rents to market ESTABLISHED PELL CITY RETAIL CORRIDOR • Located along Cogswell Avenue in the heart of Pell City with visibility from US-231, one of the city’s primary north-south commercial arteries • Pell City continues to attract significant national retail investment, highlighted by the 148,000 SF Pell City Square development off I-20 Exit 158 featuring Hobby Lobby, TJ Maxx, Ross Dress for Less, Old Navy, Ulta, PetSmart, Five Below, and other national retailers GROWING ST. CLAIR COUNTY TRADE AREA • The property serves a 19K+ 5-mile population with an average household income of approximately $86K • Pell City has added approximately 1,000 new homes and 1,800 jobs over Investment Highlights: • UNANCHORED STRIP CENTER | PELL CITY, AL • SEASONED TENANT BASE • MARK TO MARKET UPSIDE • ESTABLISHED PELL CITY RETAIL

Market Context

This retail in Pell City, AL is listed for sale. It is offered at an approximate 8.5% capitalization rate, a key benchmark for income-producing retail assets. Compare it against other retail listings for sale in Pell City, AL — view the full market.

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