5901 University Dr - Bank FOR SALE


Huntsville, AL 35806- University/Research Park
$6,470,600 USD
949-903-3399
5901 University Dr, Huntsville, AL for Sale
$6,470,600 USD
Bank - FOR SALE
1/5
null | 4.25% Cap Rate

5901 University Dr
Huntsville, AL 35806
University/Research Park


HIGHLIGHTS

  • New Long Term 20 Yr. NNN Corp. Lease by Fifth Third Bank (NASDAQ: FITB)- Recently Opened
  • High Profile Trophy Site- Outparcel to Mid City District Mixed Use Master Planned/High-Tech District
  • Huge Growth Market- Huntsville is the Next Austin (Rocket City USA)- U.S. Space Command/Nasa
  • Surrounded by TopGolf- The Camp/Huntsville Amphitheater- 2nd Largest Research Park in the U.S.
  • “World’s Best Bank” Forbes 2025- Top 25 Bank in the U.S.- Strong Corporate Guaranty
  • $80M+ in Deposits within 1st Year- 6 Lane Drivethru- 10% Rent Bumps- Large 1.21 Acre Parcel

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer investors an opportunity to acquire a single tenant absolute net leased Fifth Third Bank in Huntsville, AL—the largest and fastest growing city in the state. Fifth Third Bank is a publicly traded company with an investment grade credit rating and operates over 1,100 Bank Branches and 2,400 ATMs Across 16 states. The 20-year lease has over 19.3 years remining in the primary term with four 5-year option periods, 10% rent increases every 5 years and zero landlord responsibilities providing years of passive 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 the 3,800+ acre research park including Lockheed Martin, Northrop Grumman, Boeing, Airbus, Raytheon, Blue Origin, IBM, NASA, and the U.S. Space and Rocket Center.

FOR SALE DETAILS

PRICE

$6,470,600 USD

PRICE/SF

$1,993 USD /SF

CAP RATE

4.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fifth Third Bank

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1984

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

1.21 AC

LAND SF

52,708 SF

ZONING

-

APN/PARCEL ID

14-09-31-0-000-008.000

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.