1351 Fort Williams St Sylacauga, AL 35150
- Lifestyle centers
- 1,204,939 SF
- 11.21 lot acres
Current Use by Public Records
- Lifestyle centers
Property Details for 1351 Fort Williams St
- Year built
- 1983
- Lot size
- 11.21 lot acres
- Property size
- 1,204,939 SF
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional investment opportunity presents Fort Williams Square, a 104,939-square-foot shopping center situated on 11.21 acres in Sylacauga, Alabama. The property boasts a strong 91% occupancy rate, generating a substantial net operating income (NOI) of $409,881, representing an 8.50% cap rate. The center features two single-story buildings constructed in 1983, offering a total of 10 units and ample parking with 404 spaces. A Piggly Wiggly supermarket serves as the anchor tenant, recently renewing their lease for five years, demonstrating strong commitment to the location. Other national and regional tenants include Big Lots, Aaron's, and Furniture Masters. Big Lots, a tenant since 2008, has a lease extending to January 2028. The property is strategically located at the signalized intersection of US 231/280 and Fort Williams Street, less than a mile from Coosa Valley Medical Center and an Imerys quarry, providing proximity to major employers. Its location within a mile of a Walmart Supercenter, Home Depot, Publix, TJ Maxx, and Hobby Lobby further enhances its desirability. The asking price is $4,822,000, translating to $4 per square foot. This grocery-anchored center presents a compelling value-add opportunity with significant potential for future growth and strong cash flow. The property's address is 1351 W Fort Williams St, Sylacauga, AL 35150, with APN 27-09-31-2-014-001.001.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Sylacauga
- County
- Talladega
- State
- Alabama
- Longitude
- -86.2731
- Latitude
- 33.1647
