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Shopping Community

Ogletree Plaza

204 W Fort Williams St, Sylacauga, AL 35150

Listing Price: $5,950,000

Cap Rate
7.53%
Gross SF
102,828
Rentable SF
102,828
Price/Gross SF
$57.86
Lot Size
6.51 acres
Year Built
1965

Investment Overview

Olgetree Plaza @ Sylacauga is a 102,828 square feet neighbourhood community Center located along the W Fort Williams Street in Sylacauga, Alabama. Anchored by Dollar Tree, Save A Lot, Ace Hardware and Badcock Furniture, the center is located at a signalized intersection with excellent access and visibility. The offering sits on 6.51 acres just two blocks north of Coosa Medical Center, the area’s largest employer which serves five contiguous counties with a total population of 62,000. The property benefits from being close to majority of Sylacauga’s residents and main economic drivers. West Fort Williams Street serves as an access road to U.S. Highway 280, which brings 25,000 vehicles into the immediate area daily

Investment Highlights

  • Anchored by Dollar Tree, Save A Lot, Ace Hardware and Badcock Furniturein Sylacauga, the darling of post COVID growth being close to Birmingham (1 hr), Montgomery (1hr 15 min), Atlanta (2hrs)
  • New Roof with 20-year warranty| $900K being spent on Tenant Improvements on Marble City Pharmacy Expansion, Dollar Tree and Ace Hardware
  • Dollar Tree, a Fortune 200 company, with a credit rating "BBB Stable" by S&P, had a grand opening on Jan 27. New Lease has many options to extend with increases
  • Ace Hardware – signed new 10-year lease | Local pharmacy in the center since 2003, is expanding from 4,000 to 6,000 square feet
  • Superb Save A Lot is paying only $3.47 PSF in annual rent | Badcock Furniture is at the center since 1999
  • About 65% of GLA is occupied by national tenants and 50% of space have business which are in operation for over 10 years
  • Located just two blocks north of Coosa Medical Center, the area's largest employer which serves five contiguous counties with a total population of 62,000
  • Located along access road to U.S. Highway 280, which brings 25,000 vehicles into the immediate area daily and with easy access to I-65 and I-20

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Shopping Community

Ogletree Plaza

Listing Price: $5,950,000

Cap Rate
7.53%
Gross SF
102,828
Rentable SF
102,828
Price/Gross SF
$57.86
Lot Size
6.51 acres
Year Built
1965

Investment Highlights

  • Anchored by Dollar Tree, Save A Lot, Ace Hardware and Badcock Furniturein Sylacauga, the darling of post COVID growth being close to Birmingham (1 hr), Montgomery (1hr 15 min), Atlanta (2hrs)
  • New Roof with 20-year warranty| $900K being spent on Tenant Improvements on Marble City Pharmacy Expansion, Dollar Tree and Ace Hardware
  • Dollar Tree, a Fortune 200 company, with a credit rating "BBB Stable" by S&P, had a grand opening on Jan 27. New Lease has many options to extend with increases
  • Ace Hardware – signed new 10-year lease | Local pharmacy in the center since 2003, is expanding from 4,000 to 6,000 square feet
  • Superb Save A Lot is paying only $3.47 PSF in annual rent | Badcock Furniture is at the center since 1999
  • About 65% of GLA is occupied by national tenants and 50% of space have business which are in operation for over 10 years
  • Located just two blocks north of Coosa Medical Center, the area's largest employer which serves five contiguous counties with a total population of 62,000
  • Located along access road to U.S. Highway 280, which brings 25,000 vehicles into the immediate area daily and with easy access to I-65 and I-20

Investment Overview

Olgetree Plaza @ Sylacauga is a 102,828 square feet neighbourhood community Center located along the W Fort Williams Street in Sylacauga, Alabama. Anchored by Dollar Tree, Save A Lot, Ace Hardware and Badcock Furniture, the center is located at a signalized intersection with excellent access and visibility. The offering sits on 6.51 acres just two blocks north of Coosa Medical Center, the area’s largest employer which serves five contiguous counties with a total population of 62,000. The property benefits from being close to majority of Sylacauga’s residents and main economic drivers. West Fort Williams Street serves as an access road to U.S. Highway 280, which brings 25,000 vehicles into the immediate area daily

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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