9010 Memorial Pkwy Huntsville, AL 35802
- Retail properties
- 2,498 SF
- 1.10 lot acres
Current Use by Public Records
- Bank Independent / Bank
Property Details for 9010 Memorial Pkwy
- Year built
- 2024
- Lot size
- 1.10 lot acres
- Property size
- 2,498 SF
- Property type
- Retail properties
Description
This exceptional investment opportunity presents a fee-simple interest in a brand-new, 2,498 square foot Starbucks located at 9010 Memorial Parkway SW in Huntsville, Alabama. Built in 2024, this Class A, single-tenant property boasts a 10-year lease with a credit-rated tenant, Starbucks Corporation. The lease includes six, five-year renewal options, each with a 10% rent increase. The property enjoys a 5.85% cap rate and a strong net operating income (NOI) of $195,000. Situated on a 1.1-acre lot in a high-traffic commercial corridor (68,000+ vehicles per day), this location benefits from a highly affluent area with an average household income exceeding $117,000 and significant population growth (16.5% since 2010 within a five-mile radius). The property is strategically positioned near other major retailers, including Publix, Staples, Home Depot, and a new multi-family development. Huntsville's robust economy, ranking among the nation's best job markets and top places to live, further enhances the investment potential. This is a rare chance to acquire a secure, long-term cash flow asset backed by a globally recognized, investment-grade tenant in a thriving market. Minimal landlord responsibilities due to a net lease structure. The asking price is $3,333,000, representing a price per square foot of $1,334.27. The property is currently 100% occupied.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Huntsville
- County
- Madison
- State
- Alabama
- Longitude
- -86.567
- Latitude
- 34.6486
