8920 Memorial Pky - Retail FOR SALE


Huntsville, AL 35802
$5,900,000 USD
847-562-8500
8920 Memorial Pky, Huntsville, AL for Sale
$5,900,000 USD
Retail - FOR SALE
1/8
null | 6% Cap Rate

8920 Memorial Pky
Huntsville, AL 35802


HIGHLIGHTS

  • Positioned within the Huntsville MSA
  • Long-term lease through January 2040
  • Completely renovated in 2025 – New roof, updated HVAC, and parking lot sealing
  • Alabama Goodwill Industries was founded in 1927 and operates 35 locations
  • NNN lease – Goodwill is responsible for the day-to-day upkeep of the property
  • Positioned along US Highway 231/Memorial Pkwy SW (65,000 VPD)

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 2025 and features a long-term lease through January 2040. The lease is triple net and features 5% rental escalations throughout the primary term and three 5-year renewal options. The 29,520-square-foot building is strategically positioned along US Highway 231/Memorial Parkway Southwest, a major thoroughfare traveled by more than 65,000 vehicles per day. The property sits within a dense retail corridor anchored by national brands such as The Home Depot, Sam’s Club, Lowe’s Home Improvement, Publix, and Kroger, and is within walking distance of the new Hays Farm master-planned development featuring 600+ multifamily units. Huntsville is a nationally recognized hub for aerospace research and development, and the site is less than 20 minutes from 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 property is also located near Grissom High School, which enrolls approximately 1,900 students. The surrounding area is both well-populated and affluent, with 87,000 residents within ?ve miles and an average household income exceeding $119,000 within three miles. 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

$5,900,000 USD

PRICE/SF

$200 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

1975

SPRINKLERS

-

PARKING SPACES

87

LAND DETAILS

LAND ACRES

2.07 AC

LAND SF

90,169 SF

ZONING

Commercial

APN/PARCEL ID

18-09-31-0-001-012.000

ASK ABOUT THIS PROPERTY

Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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Jimmy GoodmanThe Boulder GroupMore Info
847-562-8500

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