7105 Highway 72 W - Retail FOR SALE


Huntsville, AL 35806
$6,248,000 USD
847-562-8500
7105 Highway 72 W, Huntsville, AL for Sale
$6,248,000 USD
Retail - FOR SALE
1/5
null | 6% Cap Rate

7105 Highway 72 W
Huntsville, AL 35806


HIGHLIGHTS

  • Long-term lease through October 2036
  • Significant 10%+ population growth projected through 2030 (3-mile radius)
  • Renovated in 2021 for Goodwill’s tenancy
  • Alabama Goodwill Industries was founded in 1927 and operates 35 locations
  • Large 2.8-acre lot (Possible outparcel development opportunity)
  • Positioned along Highway 72 West (52,000 vehicles per day)

OVERVIEW

The Boulder Group is pleased to exclusively market for sale a single tenant net leased Goodwill property located in Huntsville, Alabama. The property was extensively renovated for Goodwill in 2021 and features a long-term lease through October 2036. The lease is triple net and features 5% rental escalations throughout the primary term and three 5-year renewal options. The 21,000 square-foot building is strategically positioned along Highway 72 West, a primary corridor traveled by more than 52,000 vehicles per day. The site sits within a retail corridor anchored by Kroger, Audi, Volkswagen, Texas Roadhouse, Starbucks, Circle K, Buffalo Wild Wings, Popeyes, Bojangles, and several others. The property is within walking distance of 769 apartment units spanning three communities, Capital Park at 72 West, Sanctuary at Indian Creek, and Highland Pointe Apartments. It is also located just 20 minutes north of NASA’s Marshall Space Flight Center and Cummings Research Park, the nation’s second-largest research park, home to more than 300 companies across aerospace, defense, biotechnology, and advanced manufacturing. The surrounding area is both densely populated and affluent, with more than 129,000 residents within ?ve miles, an average household income surpassing $120,000 within three miles, and projected population growth of 10% or more through 2030. Alabama Goodwill Industries, Inc., founded in Birmingham in 1927, is a nonpro?t social enterprise dedicated to providing job training, employment placement, and vocational rehabilitation services to individuals facing barriers to work, especially those with disabilities. Operating entirely through the revenue generated by its network of 17 thrift stores and 18 attended donation centers across north and central Alabama—including locations in Birmingham, Huntsville, Montgomery, Mobile, and surrounding communities—Alabama Goodwill transforms donated clothing and household goods into life-changing opportunities.

FOR SALE DETAILS

PRICE

$6,248,000 USD

PRICE/SF

$298 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Goodwill

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

57

LAND DETAILS

LAND ACRES

2.88 AC

LAND SF

125,453 SF

ZONING

Commercial

APN/PARCEL ID

15-07-26-2-000-010.000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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