ATTRACTIVE LEASE FUNDAMENTALS
- Corporate Guaranteed leases
- Both Leases are structured NNN, providing minimal landlord responsibility and exposure
- Over 9 years of WALT
- Extensions for both leases 2 x 5 years
HIGH DEMAND RETAIL CORRIDOR
- More than 60,000 cars travel down University Dr. Northwest every day
- Located in a strong retail node with ~2MSF in a 1- Mile radius
- Over 89K SF of net absorption in a 12 month period
HIGH GROWTH HUNTSVILLE MSA
- Located in high growth Huntsville, AL - the most populous city in the state of Alabama
- Huntsville’s commercial vacancy rate is 1.8% lower than the national average of 4.6%
- Huntsville’s experienced a ~2% population growth form 2023 to 2024
LOCATED IN A POWER CENTER
- Positioned on an outparcel of Westside Centre - a fully occupied 661K SF power center that is anchored by a Target Super Store, Lowe’s Outlet, and Ross Dress for Less
EASILY ACCESSIBLE LOCATION
- Located on a hard corner of University Drive NW at a signalized intersection providing ease of ingress and egress
- Cross access though Westside Centre to Enterprise Way
LOCATED IN DENSE RESIDENTIAL AREA
- Over 9,000 multi-family units are located in a 2-mile radius, with another 1,200 units under construction
- Approximately 800 hotel rooms are located in a 1-Mile radius
- Over 19K homes in a 3-mile radius