9010 Memorial PkwyHuntsville, AL 35802

Property Details for 9010 Memorial Pkwy

Year built

2024

Lot size

1.10 AC

Property size (Sq ft)

2,498 SF

Property type

Retail properties

Description

This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,498 square foot Starbucks located at 9010 Memorial Parkway SW in Huntsville, Alabama. Built in 2024, this Class A, single-tenant property boasts a 10-year lease with a credit-rated tenant, Starbucks Corporation. The lease includes six, five-year renewal options, each with a 10% rent increase. The property enjoys a 5.85% cap rate and a strong net operating income (NOI) of $195,000. Situated on a 1.1-acre lot in a high-traffic commercial corridor (68,000+ vehicles per day), this location benefits from a highly affluent area with an average household income exceeding $117,000 and significant population growth (16.5% since 2010 within a five-mile radius). The property is strategically positioned near other major retailers, including Publix, Staples, Home Depot, and a new multi-family development. Huntsville's robust economy, ranking among the nation's best job markets and top places to live, further enhances the investment potential. This is a rare chance to acquire a secure, long-term cash flow asset backed by a globally recognized, investment-grade tenant in a thriving market. Minimal landlord responsibilities due to a net lease structure. The asking price is $3,333,000, representing a price per square foot of $1,334.27. The property is currently 100% occupied.

Location Insight

City

Huntsville

County

Madison

State

Alabama

Latitude

34.6486

Longitude

-86.567

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