Russellville Plaza – Russellville, AL

306 Jackson Avenue - Russellville, AL 35653

Sands Investment Group is Pleased to Exclusively Offer For Sale the 27,950 SF Russellville Plaza Shopping Center Located at 306 Jackson Avenue in Russellville, Alabama. This Deal Includes a Value-Add Through Mark-to-Market Rents: Current Rents Are Below Market, With Shorter Lease Terms Offering Near-Term Opportunity to Reposition Tenancy and Increase NOI.

  • Value-Add Through Mark-to-Market Rents: Current Rents Are Below Market, With Shorter Lease Terms Offering Near-Term Opportunity to Reposition Tenancy and Increase NOI
  • Strong Visibility: The Property is Centrally Located in Downtown Russellville, Along Jackson Ave S, With Visibility Along Three Major Roads
  • Parking & Accessibility: Features On-Site Parking and Easy Access From Jackson Ave S, and Benefitting From 122 Parking Spots
  • Long Term Tenancy: Anchor Tenant Big Star Has Been at the Location Since 2017
  • Strong Occupancy: 94% Occupancy Allowing For Additional NOI Increase Through the Remaining 6% Available

 

BoR: Andrew Ackerman – Lic. AL #1089690

Price

$1,425,000

Cap Rate

7.50%

PREMISES

27,950 SF

BROKERS

Grant Mogerman
Fort Lauderdale

List with SIG

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