Grocery and Convenience Store with Warehouse
For Sale
$299,900
8149 McClellan Boulevard, Anniston, AL 36206
The building offers fenced parking, highway frontage, and warehouse space for operational flexibility.
Property Size3,432 SF
Price / SF$87.38
Days on Market15
Property Features for 8149 McClellan Boulevard
General Information
Standard status
Active
Size
3,432 SF
Building Details
Year Built
1986
Listing Agency:
ERA King Real Estate
(256) 310-2800
Listed By:
Sylvia Bentley · License #42013
Source:
Soldbystratford
Added: Aug 15
Changed: Aug 29
Last Checked: Aug 29 at 3:15PM
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 ERA King Real Estate
Investment Insights
Based on property information with market context.
Located at 8149 McClellan Boulevard in Anniston, Alabama, this grocery and convenience store property contains 3,432 square feet and was built in 1986. The layout includes warehouse space that can support storage or other operational needs associated with the property.
Highway frontage provides direct exposure along the roadway, while fenced parking serves the site. The combination of retail space, warehouse area, and enclosed parking creates a practical configuration for continued grocery or convenience-store use.
Highway frontage provides direct exposure along the roadway, while fenced parking serves the site. The combination of retail space, warehouse area, and enclosed parking creates a practical configuration for continued grocery or convenience-store use.
Key Highlights
- 3432 square feet of building area
- Grocery and convenience store property
- Highway frontage along McClellan Boulevard
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$24,649
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,980
$493.0K
Cap Rate 7%
$352,129
$352.1K
Cap Rate 9%
$273,878
$273.9K
Market Conditions
NOI Build-Up for 3,432 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$39.1K $11.40/SF
− Vacancy
−$3.9K −$1.14/SF
EGI
$35.2K $10.26/SF
− OpEx
−$10.6K −$3.08/SF
NOI
$24.6K $7.18/SF
Area
Calhoun County, AL
Vacancy
10.00%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$492,980
Cap Rate 7%
$352,129
Cap Rate 9%
$273,878
Alternative Uses
Best Use
Specialty Retail
$438.4K
$383.6K – $511.5K
NOI $30,690 @ 7.0% cap · market cap 10.23%
Second Best
Retail
$352.1K
$308.1K – $410.8K
NOI $24,649 @ 7.0% cap · market cap 8.22%
Theoretical Best
Healthcare Medical
$527.6K
$461.7K – $615.6K
NOI $36,933 @ 7.0% cap · market cap 12.32%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
53
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 36206, AL
10,946
Population
4,798
Households
2.3
Avg Household Size
40
Median Age
18%
College-Educated
85%
High-School Grad
15.8 sq mi
ZIP Area
693
Density / Sq Mi
$55,256
Median Household Income
$35,210
Median Earnings
$785
Median Rent
$128,000
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Grocery and convenience store - The building offers fenced parking, highway frontage, and warehouse space for operational flexibility.
Where is this grocery and convenience store located?
The property is located at 8149 McClellan Boulevard Anniston, AL.
What is the asking price?
The asking price for this property is $299,900.
What are key features of this property?
This property features: 3432 square feet of building area; Grocery and convenience store property; Highway frontage along McClellan Boulevard
