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5100 Highway 43 S
Tuscumbia, AL 35674
TOYOTA DEALERSHIP · Retail Property For Sale
PROPERTY FACTS
About 5100 Highway 43 S , Tuscumbia, AL 35674
INVESTMENT HIGHLIGHTS: - Near Brand New Toyota Manufacturing Facility – The $1.6 billion-dollar Toyota-Mazda plant is currently being constructed in Huntsville located about an hour away from the subject property. The plant will cover 3.1 million square feet which will be producing up to 300,000 vehicles annually with vehicle production expected to begin in 2021 - World Class Dominant Company – Toyota is the largest automotive manufacturer in the world selling over 8 million vehicles in 2018 with annual revenue over $272 billion, the automotive group is 10th on the Forbes Fortune 500. - US Expansion – Toyota announced earlier this year that they will be increasing its planned investment into US facilities by 2022 by 30 percent, to $13 billion. Toyota has pledged to invest $288 million in Alabama specifically, which will increase annual engine capacity from 670,000 to 900,000 by the end of 2021 to increase product flexibility and better accommodate market demand. - Market’s Premier Dealership – The Shoals Toyota dealership serves a major trade area – without any other of its kind in a nearly 50-mile radius- allowing this property to be the premier Toyota Distributor for the area - Top 10 Strongest Operators in USA – Greenway Automotive is one of the largest privately held Auto Dealership groups currently operating 55 dealerships in Alabama, Florida, Georgia, Missouri, South Carolina, Tennessee, and Texas representing a wide variety of Automotive brands. Revenues boasting over $130MM+ - - State-of-the-art Construction – This property was constructed in 2016, a relocation from the building next door now occupied by Hyundai. The facility was upgraded to a new 35,623 SF building situated on 5.96 AC of land allowing for additional inventory to be held on site due to high demand - Rare Increases – The lease features impressive 4% or CPI (minimum 2%) annual increases improving the return for a potential investor - Limited Landlord Responsibilities – Tenant pays taxes, insurance, and maintenance of the property limiting landlord responsibilities to the roof and structure of the building - Incredible Trade area – Property is situated in the Florence-Muscle Shoals Metropolitan Area with a population of over 200,000 and an additional 410,000 commutes daily for work, school, shopping, and more - Target Demographics – With an average household income of $57,701 within a 5-mile, this is Toyota’s ideal market as their target consumers are lower-middle class to upper-middle class Americans. - High Traffic – The property is situated off Woodward Ave which sees an average ±16,200 VPD and is the main drag through Muscle Shoals and Florence. Additionally, the property is directly located of Lee Hwy that travels for 337 miles from Memphis through 3 different states and sees an average ± 30,000 VPD.
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PROPERTY TAXES
Parcel Number | 13-06-14-0-001-003.000 | Improvements Assessment | $815,960 |
Land Assessment | $49,680 | Total Assessment | $865,640 |
PROPERTY TAXES
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Listing ID: 17154631
Date on Market: 9/10/2019
Last Updated:
Address: 5100 Highway 43 S, Tuscumbia, AL 35674
The Retail Property at 5100 Highway 43 S, Tuscumbia, AL 35674 is no longer being advertised on LoopNet.com. Contact the broker for information on availability.