1085 Mid City Dr NW - Freestanding FOR SALE


Huntsville, AL 35806- University/Research Park
$4,315,000 USD
949-903-3399
1085 Mid City Dr NW, Huntsville, AL for Sale
$4,315,000 USD
Freestanding - FOR SALE
1/4
null | 4.75% Cap Rate

1085 Mid City Dr NW
Huntsville, AL 35806
University/Research Park


HIGHLIGHTS

  • Brand New 10 Yr. NN Corp. Lease by Starbucks (NASDAQ: SBUX) - Single Drivethru
  • Legacy NNN Opportunity Portion of Mid City District Mixed Use Master Planned/High-Tech District
  • True Trophy Site Next to TopGolf - Epicenter of Retail Trade Area The Camp/Huntsville Amphitheater
  • Best in Class/Iconic Brand - World Largest Coffee House Chain (36K+ Locations) $115B+ CAP
  • Next to Cummings Research Park - 2nd Largest Research Park in the U.S. Over 100K High Tech Workers
  • 9th Highest Concentration Human Capital - Twice the Job/Population Growth Most Affordable Tech City

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire a single tenant net leased Starbucks Coffee in Huntsville, AL—the largest and fastest growing city in the state. Starbucks is a publicly traded company with an investment grade credit rating and operates 41,118 stores. This store was constructed new in 2023 and has over 7 years remaining in the primary term with four 5-year option periods, 10% rent increases every 5 years and limited landlord responsibilities providing years of inflation resistant income. The subject property is in the center of MidCity District, a 40-acre redevelopment project prioritizing fitness and recreation, public gathering areas, walkable streets, inspired architecture, vibrant neighborhoods and intimate spaces. The redevelopment comprises over 660,000 SF of curated retail, 400,000 SF of modern office space, over 1,800 multi-family units and 925 hospitality room. Attractions include the Orion Amphitheater (8,000 capacity concert venue), The Camp (placemaking destination), Top Golf, Dave & Buster’s, High Point Climbing & Fitness, REI and more. MidCity District and the subject property are adjacent to Cummins Research Park, the second largest research park in the country and fourth largest in the world. Over 300 companies occupy 3,800+ acres and employ over 26,000. A few of these companies include Lockheed Martin, Northrop Grumman, Boeing, Airbus, Raytheon, Blue Origin, IBM, NASA, and the U.S. Space and Rocket Center.

FOR SALE DETAILS

PRICE

$4,315,000 USD

PRICE/SF

$1,726 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

14-09-31-0-000-013.009

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.