For Sale
$2,220,000

6945 Highway 72Huntsville, AL 35806

High-growth Huntsville shopping center, 100% occupied.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional investment opportunity presents a 12,510 square foot, single-story shopping center in Huntsville, Alabama. Located at 6945 Hwy 72 W, this property boasts a prime location on a major retail corridor with 48,000 vehicles passing daily. The center is 100% occupied by six tenants, including Trusty Vet and State Farm, generating a strong net operating income (NOI) of $149,822 and a 6.75% cap rate. Built in 2004, the property features seven units, 43 parking spaces, and sits on a 0.94-acre lot. The asking price is $2,220,000, translating to $177 per square foot. Benefitting from a triple-net (NNN) lease structure with rent bumps, this investment offers a durable income stream. The property is situated within a thriving area, close to major national retailers like Kroger, Hobby Lobby, and Lowe's, which ranks in the top 92nd percentile nationally for foot traffic. The surrounding area demonstrates strong demographics, with over 5,000 people within a one-mile radius and an average household income exceeding $113,000. Significant nearby development projects, including the expansion of Village of Providence and the Clift Farm mixed-use development, promise continued growth and increased value. Huntsville's robust economy, driven by aerospace, defense, and technology industries, further enhances the long-term potential of this investment. This core+ investment is an excellent opportunity to capitalize on the growth of this dynamic market. The property's strong tenancy, favorable lease terms, and prime location make it a compelling addition to any portfolio.

Highlights

  • 12,510 SF single-story shopping center on a major retail corridor in Huntsville, AL, with 48,000 vehicles passing daily.
  • Located near national retailers including Kroger, Hobby Lobby, and Lowe's (top 92nd percentile nationally for foot traffic).
  • Strong demographics: 5,000+ people within a 1-mile radius, average household income exceeding $113,000.
  • Nearby development includes the expansion of Village of Providence and the Clift Farm mixed-use development.
  • 100% occupied with six tenants, including Trusty Vet and State Farm, generating a $149,822 NOI and a 6.75% cap rate.
  • Huntsville's robust economy, driven by aerospace, defense, and technology industries, offers strong long-term potential.

Property Details for 6945 Highway 72

Property type
Lifestyle centers, Power centers
Square Feet
12,510 SF
Year Built
2004
Buildings
1
Stories
1
Lot Size (sq. ft)
40,946 SF
Units
7

Location Insight

City
Huntsville
County
Madison
State
Alabama
Latitude
34.752824644458
Longitude
-86.706670955337
6945 Highway 72, Huntsville, Alabama

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6945 Highway 72
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