Hughes Rd & Madison Blvd - Freestanding FOR SALE
Madison, AL 35758 |
$1,211,000 USD
415-274-7394
Hughes Rd & Madison Blvd
Madison, AL 35758
HIGHLIGHTS
- Newly constructed Scooter’s with a 10-year ground lease on .81 acres
- 10% rent increases every 5 years and in each option period
- Four (4), 5-year options
- Zero landlord maintenance or expense responsibilities
- Madison is a highly desirable submarket of Huntsville - the “Rocket City”
- Outparcel to an ALDI grocery store, next to a new Fairfield Inn & Suites, across from a Walmart Supercenter shopping center & multiple medical offices
OVERVIEW
New construction on a ground lease, grocery anchored outparcel, across from a Walmart Supercenter on a main retail corridor between I-565 and Madison Blvd with ~101K VPD combined. U.S. Army’s Redstone Arsenal (8 miles) has ~700 Active Duty Soldiers and over 50,000 civilian and contract employees. Household incomes of $131,765 in a 5-mile radius.
FOR SALE DETAILS
PRICE
$1,211,000 USD
PRICE/SF
$1,863 USD /SF
CAP RATE
5.65%
% LEASED
-
TENANCY
Single
STATUS
Under Construction
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Scooter's Coffee
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Freestanding
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2025
SPRINKLERS
-
PARKING SPACES
7
LAND DETAILS
LAND ACRES
0.81 AC
LAND SF
35,284 SF
ZONING
-
APN/PARCEL ID
-
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415-274-7394
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415-274-7394
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