Two-Tenant Retail
6275 University Drive NW, Huntsville, AL 35806
For Sale
Contact for pricing
Pending
Fully occupied by two established retailers, the property fronts a major power center anchored by Super Target.
Property Size11,839 SF
Days on Market56
Property Features for 6275 University Drive NW
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Anchor Co-Tenants
Traffic Count
Building Details
Tenancy
Listing Agency:
Berkeley Capital Advisors Charlotte
Listed By:
Will Walton · License NC #276949
Source:
Crexi
Added: Sep 17
Changed: Nov 8
Last Checked: Nov 10 at 7:17AM
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 Berkeley Capital Advisors Charlotte
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Investment Insights
Based on property information with market context.
This 11,839-square-foot retail property is occupied by Skechers Outlet and The Vitamin Shoppe. Both businesses have operated at the site since 2008, and Skechers has extended its lease through June 2034. Lease provisions include modified net TICAM recoveries with administrative fees and an 8% non-cumulative CAM cap. The property is fully leased and occupies a pad at Westside Centre, a 655,600-square-foot power center anchored by Super Target.
The site has frontage on University Drive NW (US-72), where reported traffic is 48,600 vehicles per day. I-565 and Research Park Boulevard are minutes away. Cummings Research Park is adjacent to Westside Centre, while Redstone Arsenal is nearby. The Arsenal has 45,500 workers and a stated annual economic impact of $36.2 billion; U.S. Space Command is relocating its headquarters there, with more than a thousand direct jobs expected.
The site has frontage on University Drive NW (US-72), where reported traffic is 48,600 vehicles per day. I-565 and Research Park Boulevard are minutes away. Cummings Research Park is adjacent to Westside Centre, while Redstone Arsenal is nearby. The Arsenal has 45,500 workers and a stated annual economic impact of $36.2 billion; U.S. Space Command is relocating its headquarters there, with more than a thousand direct jobs expected.
Key Highlights
- 11,839‑square‑foot retail property with two tenants
- Fully leased to Skechers Outlet and The Vitamin Shoppe, both operating at the property since 2008
- Skechers lease extended through June 2034
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$144,696
Cap Rate
3.13%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,893,920
$2.9M
Cap Rate 7%
$2,067,086
$2.1M
Cap Rate 9%
$1,607,733
$1.6M
Market Conditions
NOI Build-Up for 11,839 SF
Gross rent
$213.1K $18.00/SF
− Vacancy
−$6.4K −$0.54/SF
EGI
$206.7K $17.46/SF
− OpEx
−$62.0K −$5.24/SF
NOI
$144.7K $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%
$2,893,920
Cap Rate 7%
$2,067,086
Cap Rate 9%
$1,607,733
Alternative Uses
Best Use
Retail
$2.07M
$1.81M – $2.41M
NOI $144,696 @ 7.0% cap · market cap 3.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.08M
$2.70M – $3.60M
NOI $215,801 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
48,600 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
752
Businesses Nearby
595k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 34%
Superstores 22%
Shops & Services 19%
Apparel 17%
Target
Superstores
128,489 visits/mo
0.1 miles
McDonald's
Dining
33,872 visits/mo
0.4 miles
Ross Dress for Less
Apparel
31,932 visits/mo
0.1 miles
Burlington
Apparel
30,588 visits/mo
0.1 miles
Circle K
Shops & Services
28,238 visits/mo
0.4 miles
Demographics for 35806, AL
25,702
Population
14,398
Households
1.8
Avg Household Size
36
Median Age
60%
College-Educated
97%
High-School Grad
25.4 sq mi
ZIP Area
1,012
Density / Sq Mi
$79,338
Median Household Income
$50,458
Median Earnings
$1,287
Median Rent
$318,800
Median Home Value
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Market
Average Price Trend$/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 - Fully occupied by two established retailers, the property fronts a major power center anchored by Super Target.
Where is this retail space located?
The property is located at 6275 University Drive NW Huntsville, AL.
What is the asking price?
The asking price for this property is $4,617,000.
What are key features of this property?
This property features: 11,839‑square‑foot retail property with two tenants; Fully leased to Skechers Outlet and The Vitamin Shoppe, both operating at the property since 2008; Skechers lease extended through June 2034
