For Sale
$3,145,000

376 Dan Tibbs Rd Huntsville, AL 35806

7,529 SF Warehouse, Strong Tenant

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional investment opportunity presents a 7,529-square-foot warehouse in Huntsville, Alabama, currently leased to United Rentals, the world's largest equipment rental company. The property sits on a 3.1-acre lot and boasts a strong, credit-rated tenant with a lease extending to December 31, 2031, offering significant remaining lease term of 7.1 years. The lease includes built-in rent bumps—12% in July 2028 and 10% every five years thereafter—providing substantial future income growth. Four 5-year renewal options further enhance the long-term stability of this investment. The property's strategic location on Dan Tibbs Road, near Highways 255 and 53, ensures high visibility and accessibility. The building, constructed in 2008, benefits from its proximity to a thriving industrial corridor with established tenants, including Ferguson Plumbing Supply, Axion Corporation, and others. The surrounding area exhibits robust growth, with a projected 12.8% increase in household income within a one-mile radius over the next five years. The current Net Operating Income (NOI) stands at $196,572, yielding a 6.25% cap rate. The asking price is $3,145,000, translating to $417.72 per square foot. This property offers a compelling combination of a secure, long-term lease, significant rent growth potential, and a prime location within a rapidly expanding market. The low coverage industrial building also includes outdoor storage space, adding to its versatility and appeal. With over 100,000 people residing within a five-mile radius and an average household income exceeding $94,737, this investment presents a rare opportunity to acquire a high-quality, income-producing asset in a dynamic and growing market.

Highlights

  • Strong projected 12.8% household growth within a 1-mile radius over the next five years.
  • Recent lease extension secured through December 2031.
  • Convenient location less than 15 minutes from downtown Huntsville.
  • Established operating history since 2008.
  • Low-coverage industrial property featuring 3 acres with outdoor storage.
  • Anchored by United Rentals, the nation's largest equipment rental company.

Property Details for 376 Dan Tibbs Rd

Property type
Warehouses, Industrial properties
Square Feet
7,529 SF
Year Built
2008
Lot Size (sq. ft)
135,036 SF

Location Insight

City
Huntsville
County
Madison
State
Alabama
Latitude
34.7784565
Longitude
-86.6683471

FAQs

What type of property is this?
Warehouse - 7,529 SF Warehouse, Strong Tenant
Where is the warehouse located?
The property is located at 376 Dan Tibbs Rd Huntsville, AL.
What is the asking price?
The asking price for this property is $3,145,000.
What are key features of this property?
This property features: Strong projected 12.8% household growth within a 1-mile radius over the next five years.; Recent lease extension secured through December 2031.; Convenient location less than 15 minutes from downtown Huntsville.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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376 Dan Tibbs Rd
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