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Investment Highlights

  • Best-in-market retail destination, which is home to a synergistic mix of national credit anchors Including T.J.Maxx, Burlington, and Old Navy
  • Strategically positioned within the heart of Gadsden’s retail nucleus, on the east side of the downtown area - Fronting E Meighan Blvd (US-431)
  • Very advantageous average remaining anchor lease term of 7 years - Bolstered by T.J.Maxx, which recently renewed for 10 years through 2035
  • Shadow-anchored by an extremely high performing regional draw — Walmart Supercenter - Ranked the #15 store of 102 in Alabama (top 14%)
  • Extremely strong tenant roster comprised of over 87% national retail tenants - Providing ample stability
  • Main & Main High Traffic Location with Strong Shopping Center Fundamentals - Including solid visibility and frontage along US-431

Executive Summary

Broker of Record
Hutt Cooke
License # 000168807-0, 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End Ave, Ste. 1500 Nashville, TN 37203
(866) 889-0550

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
105,979 SF
Building Class
B
Year Built/Renovated
1992/2026
NOI
$1,791,965 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Loading Docks
3 Exterior
Building FAR
0.18
Lot Size
13.32 AC
Zoning
NEC
Parking
566 Spaces (5.34 Spaces per 1,000 SF Leased)
Frontage
282’ on Lynwood Ave

Amenities

  • Pylon Sign

Major Tenants

  • Tenant
  • Industry
  • SF Occupied
  • Rent/SF
  • Lease End
  • Retailer
  • -
  • -
  • -

Bealls began in 1915 as the Dollar Limit store in Florida and later grew into a family-owned retail company. The business expanded through renamed stores and now operates under the bealls, Bealls Florida, and Home Centric banners, with an emphasis on off-price merchandise for apparel, footwear, accessories, and home goods. Bealls has remained within the founding family and continues to serve customers through store and online channels across a broad retail footprint.

  • Accommodation and Food Services
  • -
  • -
  • -

Firehouse Subs began in 1994 in Jacksonville, Florida, founded by former firefighter brothers Chris Sorensen and Robin Sorensen. The restaurant chain focuses on hot subs made with meats and cheeses, along with salads, catering, and a customer rewards program. Firehouse Subs supports public safety through the Firehouse Subs Public Safety Foundation, which provides equipment and resources for first responders and public safety organizations.

  • Retailer
  • -
  • -
  • -

GameStop traces its origins to Babbage's, a Dallas-based software retailer founded in 1984, and the business later adopted the GameStop name in 1999. The company now operates as a retail gaming and trade-in destination, with offerings that include video games, gaming systems, consoles, accessories, trading cards, gamer apparel, and collectibles. GameStop also supports used-product trade-ins and refurbished merchandise, which remain part of its broader mix of gaming and consumer electronics services.

  • Nail Palace
  • Services
  • -
  • -
  • Nov 2022

Nail Palace is a local nail salon in the Gadsden, Alabama area offering nail services to their customers.

  • Retailer
  • -
  • -
  • -

Old Navy began as Gap Warehouse in 1993 before rebranding in 1994 as a value-focused clothing retailer. The first location opened in Colma, California, and quickly expanded nationwide. Originally part of Gap Inc.'s portfolio, the brand established itself with budget-friendly apparel for adults and children. By 1997, it became the fastest retailer to reach $1 billion in sales. The company now maintains a significant global presence with both physical stores and online operations. Old Navy emphasizes accessible fashion through various product lines catering to all family members while adapting to current trends.

  • Retailer
  • -
  • -
  • -

Petco began in 1965 as a mail-order veterinary supply company in California. The first retail store opened in 1976, expanding the business model. Today the company operates numerous locations nationwide selling pet food, supplies, and live animals. Additional services include grooming, training, and veterinary care through in-store clinics and mobile units. Petco also offers digital resources like telehealth and subscription services for preventative pet care.

  • Retailer
  • -
  • -
  • -

Rack Room Shoes began in 1922 in Salisbury, North Carolina, originally called Phil's Shoe. The company expanded its product lines over the decades and now serves customers through two main brands. They provide a variety of footwear for all ages and multiple private label brands. The retailer maintains a significant presence across many states with both physical stores and online shopping options.

  • Retailer
  • -
  • -
  • -

Sally Beauty began in 1964 with the opening of its first store in New Orleans and grew from a small cash-and-carry beauty supply business into a specialty retailer and distributor of professional beauty supplies. The company operates through Sally Beauty Supply and Beauty Systems Group, serving both consumers and beauty professionals with products for hair color, hair care, nails, cosmetics, skin care, fragrances, and salon supplies. Sally Beauty also sells professional and salon-use brands alongside proprietary merchandise, supporting retail shoppers, stylists, and salon owners through the same business model. Over time, the company expanded beyond its early regional roots into a broad North American and international market presence.

  • Retailer
  • -
  • -
  • -

The TJX Companies began in 1976 when a new off-price chain was developed to sell family apparel and home fashions, and T.J. Maxx opened its first stores in 1977. The company operates a broad off-price retail business centered on apparel, home fashions, and designer and brand-name merchandise sold at discounted prices through banners such as T.J. Maxx, Marshalls, HomeGoods, Homesense, and Sierra. TJX runs e-commerce sites in the U.S. and Europe, supporting a multi-channel retail model across North America, Europe, and Australia. Over time, the business expanded from its original T.J. Maxx concept into multiple retail banners that serve shoppers seeking changing assortments of apparel and home merchandise.

  • Information
  • -
  • -
  • -

Xfinity is the consumer brand of Comcast Cable Communications, a division of Comcast Corporation. The brand was introduced in 2010 to market residential cable television, broadband internet, telephone, and wireless services. Comcast Cable, originally founded in 1981, operates under the Xfinity name to deliver connectivity and entertainment solutions across the United States. Headquartered in Philadelphia, Pennsylvania, Xfinity offers services including high-speed internet, streaming TV, mobile plans, and home security. As part of Comcast’s Connectivity & Platforms segment, Xfinity serves millions of customers nationwide through retail stores, online platforms, and service centers.

Tenant Industry SF Occupied Rent/SF Lease End
Retailer - - -
Accommodation and Food Services - - -
Retailer - - -
Nail Palace Services - - Nov 2022
Retailer - - -
Retailer - - -
Retailer - - -
Retailer - - -
Retailer - - -
Information - - -
Fairly walkable
50/100
Exceptionally drivable
90/100
Fairly bikeable
40/100

Nearby Major Retailers

7 Brew Coffee
Woodforest National Bank
Cook Out
Waffle House
Buffalo Wild Wings
CrossFit
Regions Bank
Rent-A-Center
Chili's Grill & Bar
PNC Bank

Property Taxes

Property Taxes

Parcel Numbers
Multiple
  • 15-02-03-4-000-115.000
  • 15-02-03-3-000-115.000
Land Assessment
$401,648 CAD
Improvements Assessment
$2,131,105 CAD
Total Assessment
$2,532,753 CAD
  • Listing ID: 40246044

  • Date on Market: 2026-04-22

  • Last Updated:

  • Address: 334 E Meighan Blvd, Gadsden, AL 35903

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