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500 East Meighan Blvd, Gadsden, AL 35903
Large-format retail center with major national anchors and 99% occupancy along a heavily traveled commercial corridor.
Property Size137,000 SF
Days on Market145
Property Features for 500 East Meighan Blvd
General Information
Standard status
Active
Size
137,000 SF
Property subtype
Retail
Occupancy
99%
Site & Location
Anchor Co-Tenants
Hobby Lobby, Ross Dress for Less, Shoe Carnival, ULTA, Kirkland’s, Gander Mountain (NAP)
Traffic Count
38,000 vehicles/day
Road Access
Yes
Building Details
Tenancy
Multi
Listing Agency:
Marcus & Millichap - San Diego
(858) 373-3100
Listed By:
Phil Sambazis · License #01474991
Source:
Crexi
Added: Apr 10
Changed: Aug 31
Last Checked: Aug 30 at 2:15PM
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 Marcus & Millichap - San Diego
Investment Insights
Based on property information with market context.
River Trace Shopping Center is a 137,000-square-foot retail property developed in phases from 2014 through 2016. The center includes Hobby Lobby, Ross Dress for Less, Shoe Carnival, ULTA, Kirkland’s, and Gander Mountain (NAP) among its anchor and major tenant lineup. Occupancy is reported at 99%, with national retailers representing 98% of the income stream. More than 95% of the gross leasable area operates under leases exceeding 10 years.
The property occupies 500 East Meighan Blvd in Gadsden, Alabama, within an established retail corridor carrying more than 38,000 cars per day. It is adjacent to a 24-hour Walmart Supercenter and near a Goodyear manufacturing facility, with Gadsden Regional Medical Center located one mile away. The regional trade area extends across six counties and 35 miles, serving more than 470,000 residents. Gadsden State Community College is 1.5 miles from the center, while Riverview Regional Medical Center is two miles east.
The property occupies 500 East Meighan Blvd in Gadsden, Alabama, within an established retail corridor carrying more than 38,000 cars per day. It is adjacent to a 24-hour Walmart Supercenter and near a Goodyear manufacturing facility, with Gadsden Regional Medical Center located one mile away. The regional trade area extends across six counties and 35 miles, serving more than 470,000 residents. Gadsden State Community College is 1.5 miles from the center, while Riverview Regional Medical Center is two miles east.
Key Highlights
- 137,000‑square‑foot shopping center developed in phases from 2014 through 2016
- 99% occupied, with national tenants comprising 98% of the income stream
- Anchors and major tenants include Hobby Lobby, Ross Dress for Less, ULTA, Kirkland’s, Shoe Carnival, and Gander Mountain (NAP)
Property Analytics
Property Profile
Current Use
Lease Details
38,000 VPD
Traffic count
99%
Occupancy
Multi-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35903, AL
17,344
Population
8,338
Households
2.1
Avg Household Size
41
Median Age
16%
College-Educated
87%
High-School Grad
68.2 sq mi
ZIP Area
254
Density / Sq Mi
$50,063
Median Household Income
$35,361
Median Earnings
$823
Median Rent
$170,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Large-format retail center with major national anchors and 99% occupancy along a heavily traveled commercial corridor.
Where is this shopping center located?
The property is located at 500 East Meighan Blvd Gadsden, AL.
What are key features of this property?
This property features: 137,000‑square‑foot shopping center developed in phases from 2014 through 2016; 99% occupied, with national tenants comprising 98% of the income stream; Anchors and major tenants include Hobby Lobby, Ross Dress for Less, ULTA, Kirkland’s, Shoe Carnival, and Gander Mountain (NAP)
