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6275 University Dr NWHuntsville, AL 35806
Westside Centre | Huntsville, AL | 6.75% Cap
Asset ClassRetail
Cap Rate6.75%
overview of deal

Overview

Atlantic Capital Partners has been exclusively engaged to solicit offers for the sale of a Two-Tenant Center in Huntsville, AL. This 11,839 SF building is 100% occupied by two tenants: The Vitamin Shoppe and Skechers. The asset is well positioned on an outparcel of a top performing power center that fronts a main retail thoroughfare in Huntsville, AL (60,880 VPD).

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Investment Highlights

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
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6275 University Dr NWHuntsville, AL 35806

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Listing provided by Revere CRE