Colliers is pleased to offer qualified investors the opportunity to acquire a recently constructed Publix shadow strip center in the Huntsville, AL MSA. The subject property is an outparcel to a strongly performing, newly developed +60,000 SF Publix center. Investors will benefit from the subject property’s dynamic tenant mix, which includes 100% national tenants, such as Jersey Mike’s, T-Mobile, and a drive-thru Starbucks. Each tenant executed a ten-year lease with 10% annual rental escalations, providing for increased NOI growth and a stabilized asset via long lease terms. Furthermore, the new construction and attractive design limit near-term capital expenditure exposure and enhance visibility. The property can be accessed via multiple access points, with the main one located at a signalized intersection off US-31, allowing for both right and left ingress and egress.

Athens, Alabama, an affluent Huntsville suburb, is located in Limestone County, the fastest-growing county in the state of Alabama for four years straight. The Huntsville MSA is transforming into one of the most sought-after and fastest-growing MSAs in the nation.