Lowe's-Leased Retail
3505 North Memorial Parkway, Huntsville, AL 35810
For Sale
Contact for pricing
The home-improvement store is fully occupied under a corporate-guaranteed triple-net lease.
Property Size135,039 SF
Price / SF$134.37
Days on Market28
Property Features for 3505 North Memorial Parkway
General Information
Standard status
Size
Property subtype
Occupancy
Additional Details
Traffic Count
Tenant in Place
Building Details
Buildings
Tenancy
Listing Agency:
Marcus & Millichap - Phoenix
Listed By:
Tivon Moffitt · License AZ BR639369000
(954) 547-7212
Source:
Crexi
Added: Oct 13
Changed: Nov 8
Last Checked: Nov 8 at 4:47PM
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 Marcus & Millichap - Phoenix
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Investment Insights
Based on property information with market context.
This 135,039-square-foot retail property in Huntsville is occupied by Lowe's Home Centers, LLC under a triple-net lease guaranteed by Lowe's Companies, Inc. The store has served the local market for more than 24 years and ranks among the retailer’s highest-performing locations nationwide by annual customer visits, according to Placer.ai.
The property fronts U.S. Highway 431, also known as Memorial Parkway, with approximately 41,000 vehicles passing daily. Nearby retailers include Walmart Supercenter and Tractor Supply Co., forming part of a retail destination that attracts visitors from across the region.
The property fronts U.S. Highway 431, also known as Memorial Parkway, with approximately 41,000 vehicles passing daily. Nearby retailers include Walmart Supercenter and Tractor Supply Co., forming part of a retail destination that attracts visitors from across the region.
Key Highlights
- 135,039‑square‑foot retail property
- 100% leased to Lowe's Home Centers, LLC under a triple‑net lease
- Lease guaranteed by Lowe's Companies, Inc.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,650,447
Cap Rate
9.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$33,008,940
$33.0M
Cap Rate 7%
$23,577,814
$23.6M
Cap Rate 9%
$18,338,300
$18.3M
Market Conditions
NOI Build-Up for 135,039 SF
Gross rent
$2.43M $18.00/SF
− Vacancy
−$72.9K −$0.54/SF
EGI
$2.36M $17.46/SF
− OpEx
−$707.3K −$5.24/SF
NOI
$1.65M $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%
$33,008,940
Cap Rate 7%
$23,577,814
Cap Rate 9%
$18,338,300
Alternative Uses
Best Use
Retail
$23.58M
$20.63M – $27.51M
NOI $1,650,447 @ 7.0% cap · market cap 9.10%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$35.16M
$30.77M – $41.02M
NOI $2,461,491 @ 7.0% cap · market cap 13.57%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
41,000 VPD
Traffic count
100%
Occupancy
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
252
Businesses Nearby
151k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Home Improvements & Furnishings 58%
Dining 18%
Shops & Services 15%
Superstores 8%
Lowe's
Home Improvements & Furnishings
37,784 visits/mo
0.1 miles
Rural King
Home Improvements & Furnishings
37,295 visits/mo
0.3 miles
Redstone Federal Credit Union
Shops & Services
16,382 visits/mo
0.2 miles
Popeyes Louisiana Kitchen
Dining
15,345 visits/mo
0.4 miles
Tractor Supply Co.
Home Improvements & Furnishings
12,343 visits/mo
0.5 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
$126,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Retail space in Huntsville, AL
Properties on Market for Retail space in Huntsville
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - The home-improvement store is fully occupied under a corporate-guaranteed triple-net lease.
Where is this retail space located?
The property is located at 3505 North Memorial Parkway Huntsville, AL.
What is the asking price?
The asking price for this property is $18,145,000.
What are key features of this property?
This property features: 135,039‑square‑foot retail property; 100% leased to Lowe's Home Centers, LLC under a triple‑net lease; Lease guaranteed by Lowe's Companies, Inc.
