Fully Leased Three-Unit Strip
For Sale
Contact for pricing
711 Woodward Ave, Muscle Shoals, AL 35661
Three commercial suites are occupied by established businesses and supported by on-site parking.
Property Size8,448 SF
Price / SF$153.87
Days on Market176
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Property Features for 711 Woodward Ave
General Information
Standard status
Active
Size
8,448 SF
Property subtype
Retail
Occupancy
100%
Building Details
Year Built
1964
Stories
1
Units
1
Tenancy
Multi
Listing Agency:
Exit Realty Shoals
Listed By:
Kellie Bowling · License #AL
(256) 740-1985
Source:
Crexi
Added: Apr 23
Changed: Oct 2
Last Checked: Oct 14 at 9:03PM
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 Exit Realty Shoals
Investment Insights
Based on property information with market context.
This strip mall contains three separate commercial units within an 8,448-square-foot property built in 1964. The building is fully leased, with one established family-owned business serving as the anchor and two additional businesses occupying the remaining units. The anchor business has operated for more than 60 years, providing a long operating history within the tenant mix.
Located at 711 Woodward Ave in Muscle Shoals, the property offers road frontage extending from one block to the next and on-site parking for tenants and customers. The three-unit configuration provides a straightforward retail property format with all suites currently occupied.
Located at 711 Woodward Ave in Muscle Shoals, the property offers road frontage extending from one block to the next and on-site parking for tenants and customers. The three-unit configuration provides a straightforward retail property format with all suites currently occupied.
Key Highlights
- Three separate commercial units in an 8,448‑square‑foot strip mall
- 100% leased with three established business occupants
- Anchored by a family‑owned business with more than 60 years of operating history
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,715
Cap Rate
4.06%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,300
$1.1M
Cap Rate 7%
$753,071
$753.1K
Cap Rate 9%
$585,722
$585.7K
Market Conditions
NOI Build-Up for 8,448 SF
Gross rent
$84.1K $9.96/SF
− Vacancy
−$8.8K −$1.05/SF
EGI
$75.3K $8.91/SF
− OpEx
−$22.6K −$2.67/SF
NOI
$52.7K $6.24/SF
Area
Colbert County, AL
Vacancy
10.50%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,054,300
Cap Rate 7%
$753,071
Cap Rate 9%
$585,722
Alternative Uses
Best Use
Retail
$753.1K
$658.9K – $878.6K
NOI $52,715 @ 7.0% cap · market cap 4.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.35M
$1.18M – $1.57M
NOI $94,434 @ 7.0% cap · market cap 7.26%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
447
Businesses Nearby
72k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 40%
Home Improvements & Furnishings 1%
Dollar Tree
Shops & Services
16,454 visits/mo
0.5 miles
Wendy's
Dining
15,431 visits/mo
0.4 miles
Shell
Shops & Services
10,526 visits/mo
0.3 miles
Dollar General
Shops & Services
8,107 visits/mo
0.2 miles
Little Caesars Pizza
Dining
5,039 visits/mo
0.5 miles
Demographics for 35661, AL
18,714
Population
8,911
Households
2.1
Avg Household Size
42
Median Age
24%
College-Educated
91%
High-School Grad
51.2 sq mi
ZIP Area
366
Density / Sq Mi
$66,726
Median Household Income
$43,826
Median Earnings
$917
Median Rent
$189,700
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 - Three commercial suites are occupied by established businesses and supported by on-site parking.
Where is this strip mall located?
The property is located at 711 Woodward Ave Muscle Shoals, AL.
What is the asking price?
The asking price for this property is $1,299,900.
What are key features of this property?
This property features: Three separate commercial units in an 8,448‑square‑foot strip mall; 100% leased with three established business occupants; Anchored by a family‑owned business with more than 60 years of operating history
