Fort Williams Square | 1301-1395 W Fort William St
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Fort Williams Square 1301-1395 W Fort William St
104,939 SF 69% Leased Retail Building Sylacauga, AL 35150 $6,835,040 CAD ($65 CAD/SF) 8.50% Cap Rate
Investment Highlights
- GROCERY ANCHORED CENTER WITH MINIMAL NEAR-TERM EXPIRATIONS
- DOMINANT PROPERTY FUNDAMENTALS
- PRICED WELL-BELOW REPLACEMENT COST WITH LOW INPLACE RENTS
- VALUE-ADD POTENTIAL
Executive Summary
As exclusive broker, Newmark is pleased to present for sale Fort Williams Square, a 104,939 square foot community shopping center in Sylacauga, Alabama. Anchored by a Piggly Wiggly supermarket, 85% of the property’s GLA is leased to national or regional tenants including Big Lots, Aaron’s and Furniture Masters. Moreover, Piggly Wiggly recently exercised its option to renew for five years demonstrating their commitment to the center. Big Lots, a tenant since 2008, has a lease that extends through January 2028 and is paying a bargain-basement rent of only $3.57 PSF gross. Fort Williams Square is strategically positioned at the corner, signalized intersection of US 231/280 and Fort Williams Street. Positioned less than a mile west of Coosa Valley Medical Center (263 beds) and a mile east of the Imerys quarry, Fort Williams Square benefits from its close proximity to the area’s primary employers. Furthermore, the subject property is located within a mile of a Walmart Supercenter, Home Depot, Publix, TJ Maxx, Hobby Lobby and many other national retailers. Combined with the center’s national tenant line-up and excellent fundamentals, Fort Williams Square is poised to provide investors with a robust cash flow for years to come.
Financial Summary (Actual - 2023) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | - | - |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Actual - 2023) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Supermarket
Building Size
104,939 SF
Building Class
C
Year Built
1983
Price
$6,835,040 CAD
Price Per SF
$65 CAD
Cap Rate
8.50%
NOI
$580,994 CAD
Percent Leased
69%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Land Acres
11.21 AC
Zoning
C - Commercial
Parking
404 Spaces (3.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
- Signalized Intersection
PROPERTY TAXES
Parcel Number | 27-09-31-2-014-001.001 | Improvements Assessment | $545,188 CAD |
Land Assessment | $664,305 CAD | Total Assessment | $1,209,493 CAD |
PROPERTY TAXES
Parcel Number
27-09-31-2-014-001.001
Land Assessment
$664,305 CAD
Improvements Assessment
$545,188 CAD
Total Assessment
$1,209,493 CAD
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Fort Williams Square | 1301-1395 W Fort William St
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