1199 Highway 31 NW - Retail FOR SALE


Hartselle, AL 35640
$2,821,000 USD
617-823-3280
1199 Highway 31 NW, Hartselle, AL for Sale
$2,821,000 USD
Retail - FOR SALE
1/13
null | 7.75% Cap Rate

1199 Highway 31 NW
Hartselle, AL 35640


HIGHLIGHTS

  • Stabilized Asset - 93.5% Occupied with Small Value-Add Component
  • 16,000 SF Class A Retail Center - Built in 1999/Renovated 2014
  • Shadow Anchored by Walmart Supercenter- Ranked in top 27% in AL and top 31% in the Country as of 1/25 (AlphaMaps) - 2.09M Visitors/Yr.
  • High Traffic Location - 21,061 Cars/Day (ADT)
  • Dedicated Pylon Signage - 28' Double Illuminated Pylon Sign

OVERVIEW

Cambridge Capital Advisors, LLC in association with Gene Cody of Moore Company Realty, Inc. (Broker of Record -Alabama License#: 84534) has been exclusively retained to market for sale the fee simple interest in Shoppers World at Hartselle. The subject property is a 16,000 SF retail center, 93.5% occupied by a diverse mix of national, regional and local tenants in Hartselle, AL (Decatur MSA). Built in 1999 and renovated in 2014, the center is sited on approximately 1.25 acres at the main entrance drive to a Walmart Supercenter. Shoppers World at Hartselle’s tenant roster includes newly executed leases with ExperCare, Rest Nest and Coco Nails. Other tenants comprising the balance of the rent roll include AT&T, GameStop and Hartselle Smoke and Vape. The subject property is strategically located at the signalized entrance drive to a Walmart Supercenter located on UD Highway 31, with an average daily traffic count (ADT) of 21,061 cars per day. The center is located 24.3 miles from the Huntsville International Airport (HSV) on the main retail corridor in Hartselle and services the Huntsville/Decatur trade area. Hartselle is Morgan County’s second largest city, located in north Alabama along Interstate 65 approximately 70 miles north of Birmingham, and approximately 35 miles Southwest of Huntsville. Hartselle is part of the Decatur MSA, which has an estimated population of 159,651 as of 2024. The center has good access via a combination of interstate highways, state and local roads. Interstate Highway 65 provides primary access from surrounding areas, including downtown Birmingham and Huntsville. U.S. Highway 31 and East Main Street are the primary commercial arteries in the area. ¦ Stabilized Asset - 93.5% Occupied with small Value-Add component ¦ 16,000 SF Class A Retail Center - Built in 1999/Renovated in 2014 ¦ Shadow Anchored by Walmart Supercenter – Ranked in Top 27% in AL and Top 31% in the Country (Source: Alphamaps) as of Jan. 2025, with 174,255 monthly visitors (2.09M visitors/yr.) ¦ High Traffic Location – Combined Average Daily Traffic (ADT – 21,061 Cars/Day) ¦ Corner Location at main entrance to Walmart Supercenter & US Highway 31; 2.5 miles to U.S I-65. ¦ Dedicated Pylon Signage – 28’ Double Illuminated Pylon Sign ¦ National Tenants/Retailers in Corridor Include: Kroger, Lowes, Walmart, Taco Bell, Little Caesars, KFC, Verizon, Scooters Coffee, Arby’s, Captain D’s Seafood, Burger King, McDonalds, Sonic, Jimmy Johns, T-Mobile, Zaxby’s, O’Reillys Auto Parts, Auto Zone, Advance Auto Parts, Walgreens, Planet Fitness, Wendy’s, UPS Store, Domino’s Pizza. Subway, Pet Supplies Plus, Harbor Freight and Tractor Supply amongst others.

FOR SALE DETAILS

PRICE

$2,821,000 USD

PRICE/SF

$157 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shoppers World of Hartselle

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1999

SPRINKLERS

-

PARKING SPACES

65

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

B-1

APN/PARCEL ID

15-02-10-2-003-015.000

ASK ABOUT THIS PROPERTY

Bryan GitlinCambridge Capital Advisors, LLCMore Info
617-823-3280

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Bryan GitlinCambridge Capital Advisors, LLCMore Info
617-823-3280

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