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Royal Plaza 5698 US Highway 278 East 1,400 SF of Retail Space Available in Gadsden, AL 35903
Highlights
- Shopping Center is anchored by local grocery store averaging nearly 11,000 customers per week.
- Accessible public utilities, including water and sewer, simplifying build-out and operations.
- Direct frontage along U.S. Hwy 431 and U.S. HWY 278 with high daily traffic counts, maximizing visibility.
- Located within the East Gadsden area, minutes from the Gadsden Fire Station and residential neighborhoods.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor, Ste 1616 | 1,400 SF | 2 Years | $15.24 CAD/SF/YR $1.27 CAD/SF/MO $21,330 CAD/YR $1,777 CAD/MO | Triple Net (NNN) |
1616-1720 E Meighan Blvd - 1st Floor - Ste 1616
Positioned along East Meighan Boulevard (U.S. Hwy 431) in Gadsden, this retail property offers exceptional frontage and convenient access for businesses seeking exposure in a well-traveled commercial corridor. The site benefits from being near the intersection of major highways, including Hwy 431 and Hwy 278, ensuring continuous traffic flow and visibility for tenants. Located within a short distance of established retailers, restaurants, and service providers, the property is well-integrated into a thriving commercial district that attracts local residents and regional shoppers alike. With easy access to public utilities and city street infrastructure, the site provides a straightforward path for build-out and occupancy. Ample parking and the property's accessible location make it well-suited for a range of retail users looking to capitalize on Gadsden’s consumer base and connectivity. Businesses at this address benefit from the surrounding community and proximity to major thoroughfares, creating opportunities for strong brand presence and customer engagement.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as Standard Retail Space
- Great Location
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,400 SF | Frontage | University Dr |
| Center Type | Neighborhood Center | Gross Leasable Area | 49,779 SF |
| Parking | 249 Spaces | Total Land Area | 2.14 AC |
| Center Properties | 1 | Year Built | 1984 |
| Total Space Available | 1,400 SF |
| Center Type | Neighborhood Center |
| Parking | 249 Spaces |
| Center Properties | 1 |
| Frontage | University Dr |
| Gross Leasable Area | 49,779 SF |
| Total Land Area | 2.14 AC |
| Year Built | 1984 |
About the Property
The property is situated on East Meighan Boulevard, which forms part of U.S. Highway 431, approximately half a mile south of its intersection with Highway 278. The site lies within the East Gadsden community in Etowah County and has public utilities available, including water and sewer. It features highway access and is adjacent to Litchfield Avenue, one block south of the East Gadsden Fire Station. The surrounding area includes commercial establishments and residential neighborhoods, and the parcel has notable frontage along a principal traffic corridor.
Presented by
Steward Property, LLC
Royal Plaza | 5698 US Highway 278 East
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