376 Dan Tibbs NW Rd Huntsville, AL 35806-3704
- Retail properties
- 7,500 SF
- 3.00 lot acres
Mar 10, 2025
Current Use by Public Records
- United Rentals / Construction Equipment Supplier / Lawn Equipment Rental Service
Property Details for 376 Dan Tibbs NW Rd
- Year built
- 2010
- Lot size
- 3.00 lot acres
- Property size
- 7,500 SF
- Property type
- Retail properties
- APN
- 14-04-18-0-003-054.000
- APU
- 1404180003054000
Description
This exceptional investment opportunity presents a 7,529-square-foot warehouse in Huntsville, Alabama, currently leased to United Rentals, the world's largest equipment rental company. The property sits on a 3.1-acre lot and boasts a strong, credit-rated tenant with a lease extending to December 31, 2031, offering significant remaining lease term of 7.1 years. The lease includes built-in rent bumps—12% in July 2028 and 10% every five years thereafter—providing substantial future income growth. Four 5-year renewal options further enhance the long-term stability of this investment. The property's strategic location on Dan Tibbs Road, near Highways 255 and 53, ensures high visibility and accessibility. The building, constructed in 2008, benefits from its proximity to a thriving industrial corridor with established tenants, including Ferguson Plumbing Supply, Axion Corporation, and others. The surrounding area exhibits robust growth, with a projected 12.8% increase in household income within a one-mile radius over the next five years. The current Net Operating Income (NOI) stands at $196,572, yielding a 6.25% cap rate. The asking price is $3,145,000, translating to $417.72 per square foot. This property offers a compelling combination of a secure, long-term lease, significant rent growth potential, and a prime location within a rapidly expanding market. The low coverage industrial building also includes outdoor storage space, adding to its versatility and appeal. With over 100,000 people residing within a five-mile radius and an average household income exceeding $94,737, this investment presents a rare opportunity to acquire a high-quality, income-producing asset in a dynamic and growing market.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $310,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.6684
- Latitude
- 34.7781
- CBSA code
- 26620
- CBSA name
- HUNTSVILLE, AL METROPOLITAN STATISTICAL AREA
