Retail Strip on Gadsden
1879 Gadsden Hwy, Trussville, AL 35173
For Sale
Contact for pricing
100% leased retail strip in Trussville area retail market.
Property Size10,500 SF
Price / SF$214.67
Days on Market263
Property Features for 1879 Gadsden Hwy
General Information
Standard status
Size
Property subtype
Building Details
Tenancy
Listing Agency:
Shannon Waltchack
Listed By:
John Hardin · License AL #000049721
(205) 222-4589
Source:
Crexi
Added: Feb 25
Changed: Nov 12
Last Checked: Nov 12 at 7:26AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Shannon Waltchack
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,500 square foot retail strip is 100% leased and anchored by a corporately guaranteed Mavis Tire. The property is located on high-traffic Gadsden Highway/Highway 11 in the main Trussville-area retail market. Neighboring tenants include Target, Home Depot, TJ Maxx, Hobby Lobby, and several other national retailers. The center is occupied by two national-credit tenants and one local credit tenant. The property has an 8.0% cap rate.
Key Highlights
- 8.0% Cap Rate
- Anchored by Corporately Guaranteed Mavis Tire
- 100% Leased Retail Strip
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$146,635
Cap Rate
6.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,932,700
$2.9M
Cap Rate 7%
$2,094,786
$2.1M
Cap Rate 9%
$1,629,278
$1.6M
Market Conditions
NOI Build-Up for 10,500 SF
Gross rent
$218.0K $20.76/SF
− Vacancy
−$8.5K −$0.81/SF
EGI
$209.5K $19.95/SF
− OpEx
−$62.8K −$5.99/SF
NOI
$146.6K $13.97/SF
Area
Jefferson County, AL
Vacancy
3.90%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,932,700
Cap Rate 7%
$2,094,786
Cap Rate 9%
$1,629,278
Alternative Uses
Best Use
Retail
$2.09M
$1.83M – $2.44M
NOI $146,635 @ 7.0% cap · market cap 6.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.61M
$3.16M – $4.21M
NOI $252,855 @ 7.0% cap · market cap 11.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
620
Businesses Nearby
Explore this area
Business Placement
Demographics for 35173, AL
31,413
Population
12,029
Households
2.6
Avg Household Size
40
Median Age
43%
College-Educated
95%
High-School Grad
64.5 sq mi
ZIP Area
487
Density / Sq Mi
$113,028
Median Household Income
$56,609
Median Earnings
$1,303
Median Rent
$327,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Strip mall - 100% leased retail strip in Trussville area retail market.
Where is this strip mall located?
The property is located at 1879 Gadsden Hwy Trussville, AL.
What is the asking price?
The asking price for this property is $2,254,000.
What are key features of this property?
This property features: 8.0% Cap Rate; Anchored by Corporately Guaranteed Mavis Tire; 100% Leased Retail Strip
