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4830 NW University Dr
Huntsville, AL 35816

Retail Property For Sale

PROPERTY FACTS

Property Type
Retail
Property Subtype
Freestanding
Building Size
10,792 SF
Building Class
B
Year Built
1987
Tenancy
Single
Building Height
1 Story
Building FAR
0.26
Lot Size
0.96 AC
Zoning
C4
Parking
20 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
109 FT on NW University DR

About 4830 NW University Dr , Huntsville, AL 35816

Marcus & Millichap is pleased to present a portfolio of three Mavis Discount Tire stores located in Huntsville, Alabama. All three locations are Absolute Net Leased investments, with approximately 18 years remaining on their terms. Originally Topline Tires shops, a local tire company to Huntsville, they were converted to Tire Engineers shops in 2016, and have just recently been converted to Mavis Discount Tire within the last few months. The properties are all strategically located University Drive, Jordan Lane, and Memorial Parkway -- near car dealerships including Infiniti, Ford, Chevrolet, Acura, Honda and Subaru with close proximity to many top national retailers including Neighborhood Walmart, Whole Foods, Sams Club, Belk, and Chic-fil-A to name a few. The University Drive location, in particular, is only half a mile way from what will soon be MidCity Huntsville a one of a kind community destination for the region. This 100 acre site at the intersection of Research Park Boulevard and University Drive will serve as a civic and commercial hub, and will bring an iconic mixed-use environment to Huntsville. When completed, MidCity will include a total of 350,000 square feet of specialty retail, at least 150,000 square feet of high-tech office space, a wide range of inspired dining options, a 100+ room boutique hotel and 560 amenity-rich residential units. At least 70 percent of the businesses at MidCity will be new-to-market. The stores are corporately guaranteed by TE LLC, part of Mavis Discount Tire, based out of Millwood, New York. Mavis Discount Tire is one of the largest independent tire and service providers in the United States, with more than 430 service centers across seven states, including New York, New Jersey, Pennsylvania, Connecticut, Massachusetts, Georgia and Florida. The merger of Mavis and Express (Tire Engineers), unites two of the leading operators in the automotive service sector with a history of strong organic sales and service center growth. The combined company will operate more than 830 locations in 24 states across the East Coast, South and Midwest.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
14-09-32-2-000-057.000
Land Assessment
$95,720
Improvements Assessment
$217,000
Total Assessment
$312,720
  • Listing ID: 14969850

  • Date on Market: 1/24/2019

  • Last Updated:

  • Address: 4830 NW University Dr, Huntsville, AL 35816

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