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1259-1283 Talladega Hwy
Sylacauga, AL 35150
Retail Property For Sale
Investment Highlights
- Lots of value add space
- Neighborhood Center
- This property is For Sale and For Lease
- Over 12,000 vehicles per day
- Surrounded by commercial and residential
- 66.89% occupied
Executive Summary
I am pleased to bring to the market this 2 building / 10 unit Marble City Plaza! There are currently 7 units leased with 3 units available 3,000ft, 2,000ft, and 5,000ft units available. The total center is 30,200 square feet. 66.89% occupied. All the leases have a 5 year term with 1 - 5 year option with a 15% rent increase at each option period. $124,980 yearly rental income with the 7 current tenants plus ice making machine. 10.42% CAP. Rent A Center pays $1 per foot for CAM. There are over 12,000 vehicles per day along Talladega Highway. This property is For Sale and For Lease!
Property Facts
Sale Type
Investment
Sale Conditions
Property Type
Building Size
30,200 SF
Building Class
C
Year Built
1969
Price
$1,653,120 CAD
Price Per SF
$54.74 CAD
Cap Rate
10.42%
NOI
$172,172 CAD
Percent Leased
67%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
3.49 AC
Zoning
Commercial - Commercial
Parking
86 Spaces (0 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Pylon Sign
Property Taxes
| Parcel Number | 27-04-20-4-007-002.000 | Improvements Assessment | $365,615 CAD |
| Land Assessment | $53,947 CAD | Total Assessment | $419,562 CAD |
Property Taxes
Parcel Number
27-04-20-4-007-002.000
Land Assessment
$53,947 CAD
Improvements Assessment
$365,615 CAD
Total Assessment
$419,562 CAD
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