24540 John T Reid PkwyScottsboro, AL 35768

Property Details for 24540 John T Reid Pkwy

Year built

2021

Property size (Sq ft)

77,328 SF

Property type

Retail properties

Property subtype

Other retail properties

Description

This exceptional retail investment opportunity presents the Shops of Scottsboro, a 77,328 square foot, multi-tenant property located at 24540 John T Reid Pkwy, Scottsboro, AL 35768. Boasting a 100% occupancy rate and a strong NOI of $1,072,266, this center offers a compelling 6.25% cap rate on an asking price of $17,156,000 ($221.86/sq ft). The property features a diverse mix of six tenants, including prominent anchors Publix and TJ Maxx, operating under primarily NNN leases, minimizing expense leakage for the owner. Built in 2021, the center benefits from a state-of-the-art design and ample parking (392 spaces). Its strategic location at a signalized, hard corner intersection of John T. Reid Parkway and State Highway 35, with high daily traffic volume (over 51,000 vehicles), ensures excellent visibility and accessibility. The property is situated across from Scottsboro Marketplace, further enhancing its appeal and drawing from a strong retail trade area supported by over 127,000 residents and 37,000 daytime employees within a 25-mile radius, boasting an average household income exceeding $79,000. The property is zoned C-4 Regional Commercial and is offered as a fee simple interest (land and building ownership). The APN is undergoing parcelization. This investment presents a rare opportunity to acquire a high-performing, well-located retail center in a thriving market within the Huntsville MSA.

Location Insight

City

Scottsboro

County

Jackson

State

Alabama

Latitude

34.666

Longitude

-86.0152

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