Walmart Shadow-Anchored Retail
For Sale
Contact for pricing
726 Academy Drive, Bessemer, AL 35022
38,900-square-foot center built in 1999 is 100% occupied and features NNN leases with most expenses reimbursed.
Property Size38,900 SF
Days on Market120
Property Features for 726 Academy Drive
General Information
Standard status
Active
Size
38,900 SF
Property subtype
Retail
Occupancy
100%
Site & Location
Traffic Count
113,000 vehicles/day
Highway Access
Yes
Road Access
Yes
Additional Details
Cap Rate
8.25%
Building Details
Year Built
1999
Tenancy
Multi
Listing Agency:
Cooper Commercial Investment Group
(216) 562-1981
Listed By:
Dan Cooper · License #OH 009003618
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 21 at 5:02AM
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 Cooper Commercial Investment Group
Investment Insights
Based on property information with market context.
59 West Shopping Center is a 38,900-square-foot retail property built in 1999 and offered as a fee simple interest. The center is 100% occupied with national tenants, and the leasing structure is NNN, with most operating expenses reimbursed, including administrative fees. The property is positioned as a high-visibility retail stop along the main roadway with an inviting appearance.
The center is located along and visible from US-20 and Route 11, and it sits between these two major commuter routes to Birmingham (18 miles). 59 West is directly adjacent to a Walmart Supercenter on one side, and an adjacent center anchored by Dollar Tree, Big Lots, and Aldi on the other, with a Tractor Supply Company freestanding store also added to the retail development. The shopping center is within the primary retail corridor for the market.
Ownership is offering the 100% interest in the property, which is supported by tenant lease renewals providing long-term stability through 2022 and beyond. Two of the center’s three tenants are original to the property.
The center is located along and visible from US-20 and Route 11, and it sits between these two major commuter routes to Birmingham (18 miles). 59 West is directly adjacent to a Walmart Supercenter on one side, and an adjacent center anchored by Dollar Tree, Big Lots, and Aldi on the other, with a Tractor Supply Company freestanding store also added to the retail development. The shopping center is within the primary retail corridor for the market.
Ownership is offering the 100% interest in the property, which is supported by tenant lease renewals providing long-term stability through 2022 and beyond. Two of the center’s three tenants are original to the property.
Key Highlights
- 59 West Shopping Center offers 100% fee simple ownership of a 38,900 SF Walmart Supercenter shadow‑anchored property built in 1999
- 100% occupied with national tenants; all have at least 500 locations, and two of the three tenants are original to the center
- NNN lease structure with most expenses reimbursed, including admin fees, supporting long‑term stability
Property Analytics
Current Use
Lease Details
113,000 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
303
Businesses Nearby
63k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 33%
Hotels & Casinos 16%
Circle K
Shops & Services
27,369 visits/mo
0.2 miles
Taco Bell
Dining
13,448 visits/mo
0.2 miles
Waffle House
Dining
7,239 visits/mo
0.1 miles
Texaco
Shops & Services
4,465 visits/mo
0.2 miles
Fairfield Inn & Suites Birmingham Bessemer
Hotels & Casinos
3,527 visits/mo
0.2 miles
Demographics for 35022, AL
23,163
Population
10,538
Households
2.2
Avg Household Size
43
Median Age
34%
College-Educated
94%
High-School Grad
64.2 sq mi
ZIP Area
361
Density / Sq Mi
$79,084
Median Household Income
$48,078
Median Earnings
$991
Median Rent
$241,300
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 - 38,900-square-foot center built in 1999 is 100% occupied and features NNN leases with most expenses reimbursed.
Where is this shopping center located?
The property is located at 726 Academy Drive Bessemer, AL.
What are key features of this property?
This property features: 59 West Shopping Center offers 100% fee simple ownership of a 38,900 SF Walmart Supercenter shadow‑anchored property built in 1999; 100% occupied with national tenants; all have at least 500 locations, and two of the three tenants are original to the center; NNN lease structure with most expenses reimbursed, including admin fees, supporting long‑term stability
