Shops of Scottsboro | 100% Occupied | NNN Ls | 24540 John T Reid Pky
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Shops of Scottsboro | 100% Occupied | NNN Ls 24540 John T Reid Pky
77,328 SF 100% Leased 4-Star Retail Building Scottsboro, AL 35768 $17,156,000 ($222/SF) 6.25% Cap Rate
Investment Highlights
- 100% Occupied | NNN Leases | Ecommerce Resistant Tenants | Diverse Tenant Lineup | Brand New Construction
- Signalized, Hard Corner Intersection | Heavily Traveled Trade Area | John T. Reid Parkway (30,200 VPD) | Excellent Visibility & Access
- Scottsboro Marketplace | Strong National/Credit Tenants | Dense Retail Trade Area | Strong Tenant Synergy
- Strong Demographics in 10-Mile Trade Area | Huntsville MSA
Executive Summary
SRS Real National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in The Shops of Scottsboro, a 100% occupied, grocery anchored center located in Scottsboro, Alabama (Huntsville MSA). The center consists of a diverse, ecommerce resistant lineup made up of 96% corporate tenants encompassing retail, service, and restaurant businesses, creating a stabilized income stream for a future investor. A majority of the tenants operate under leases which are NNN in nature, minimizing expense leakage for a future investor. Publix constitutes over 56% of the gross leaseable area and accounts for 59% of the rental income. The site features brand new construction with a state-of-the-art design and amenities.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
77,328 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
$17,156,000
Price Per SF
$222
Cap Rate
6.25%
NOI
$1,072,266
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.10
Lot Size
17.44 AC
Zoning
C-4 - Regional Commercial
Amenities
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 27-09-29-1-000-004.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,186,940 |
PROPERTY TAXES
Parcel Number
27-09-29-1-000-004.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,186,940
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Shops of Scottsboro | 100% Occupied | NNN Ls | 24540 John T Reid Pky
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