NNN Property with Automotive
For Sale
$1,000,000
2828 Jordan Lane, Huntsville, AL 35810
Commercial building leased to an established national automotive service tenant under an existing NN lease.
Property Size7,057 SF
Lot Size1.28 Acres
Price / SF$141.70
Days on Market61
Property Features for 2828 Jordan Lane
General Information
Standard status
Active
Size
7,057 SF
Lot size
1.28 Acres
Property subtype
Commercial/Industrial
Taxes and HOA fees
Annual Taxes
$3,612
Amenities
recently replaced HVAC system with manufacturer warranty
Building Details
Year Built
1979
Buildings
1
Tenancy
Single
Listing Agency:
Legend Realty
(256) 428-3780
Listed By:
Larry Barkley · License #96155
(256) 694-5944
Source:
Exitrealty
Added: Aug 14
Changed: Sep 2
Last Checked: Sep 15 at 5:54AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Legend Realty
Investment Insights
Based on property information with market context.
This NNN property includes a 7,057 SF commercial building constructed in 1979 and occupied by Gerber Collision & Glass. The sale encompasses 2824 and 2828 Jordan Lane Northwest, with two parcels totaling approximately 1.28 acres. A recently replaced HVAC system is covered by a manufacturer warranty.
The existing NN lease runs through April 2028 and includes four additional 5-year renewal options. Scheduled rent increases apply during the renewal periods. The property is located on Jordan Lane Northwest in Huntsville, Alabama, and combines an established automotive occupant with a defined lease term and renewal structure.
The existing NN lease runs through April 2028 and includes four additional 5-year renewal options. Scheduled rent increases apply during the renewal periods. The property is located on Jordan Lane Northwest in Huntsville, Alabama, and combines an established automotive occupant with a defined lease term and renewal structure.
Key Highlights
- 7,057 SF commercial building constructed in 1979
- Occupied by Gerber Collision & Glass, an established national automotive tenant
- Existing NN lease runs through April 2028
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,251
Cap Rate
8.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,020
$1.7M
Cap Rate 7%
$1,232,157
$1.2M
Cap Rate 9%
$958,344
$958.3K
Market Conditions
NOI Build-Up for 7,057 SF
Gross rent
$127.0K $18.00/SF
− Vacancy
−$3.8K −$0.54/SF
EGI
$123.2K $17.46/SF
− OpEx
−$37.0K −$5.24/SF
NOI
$86.3K $12.22/SF
Area
Huntsville, AL
Vacancy
3.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,725,020
Cap Rate 7%
$1,232,157
Cap Rate 9%
$958,344
Alternative Uses
Best Use
Retail
$1.23M
$1.08M – $1.44M
NOI $86,251 @ 7.0% cap · market cap 8.63%
Second Best
Industrial
$637.2K
$557.6K – $743.4K
NOI $44,606 @ 7.0% cap · market cap 4.46%
Theoretical Best
Office A
$1.84M
$1.61M – $2.14M
NOI $128,635 @ 7.0% cap · market cap 12.86%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
178
Businesses Nearby
21k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 82%
Dining 18%
Chevron
Shops & Services
7,031 visits/mo
0.5 miles
Sunoco
Shops & Services
4,083 visits/mo
0.5 miles
SUBWAY
Dining
3,712 visits/mo
0.4 miles
Marathon
Shops & Services
2,699 visits/mo
0.4 miles
O'Reilly Auto Parts
Shops & Services
2,396 visits/mo
0.4 miles
Demographics for 35810, AL
29,976
Population
13,283
Households
2.3
Avg Household Size
38
Median Age
24%
College-Educated
85%
High-School Grad
28.1 sq mi
ZIP Area
1,067
Density / Sq Mi
$46,963
Median Household Income
$31,080
Median Earnings
$1,097
Median Rent
$126,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
NNN property - Commercial building leased to an established national automotive service tenant under an existing NN lease.
Where is this nnn property located?
The property is located at 2828 Jordan Lane Huntsville, AL.
What is the asking price?
The asking price for this property is $1,000,000.
What are key features of this property?
This property features: 7,057 SF commercial building constructed in 1979; Occupied by Gerber Collision & Glass, an established national automotive tenant; Existing NN lease runs through April 2028
