24833 John T Reid Pkwy Scottsboro, AL 35768-2340

This exceptional 40,560 square foot shopping center in Scottsboro, Alabama, presents a compelling investment opportunity. Located at 24833 John T Reid Pkwy, this multi-tenant retail property boasts a 7.75% cap rate and a strong NOI of $363,227. The center is 100% occupied by eight tenants, primarily operating under NNN leases, ensuring consistent cash flow. The property benefits from its strategic location near a high-traffic Walmart, drawing over 2.6 million annual visitors, and its proximity to Highway 72, which sees 21,000 vehicles per day. Nearby national retailers include Home Depot, Publix, TJ Maxx, Jersey Mike's, Great Clips, Verizon, Zaxby's, and Chick-fil-A, further enhancing the property's desirability. Built in 1999, the single-building property sits on a 10.62-acre lot and features roofs replaced in 2018/2019 with 20-year warranties. The asking price is $4,686,804, representing a price per square foot of $115.55. This stabilized, multi-tenant retail investment offers significant potential for long-term growth and stability within the thriving Huntsville MSA. The property's strong tenant mix, high occupancy rate, and prime location make it an attractive investment for discerning buyers seeking a secure and profitable return. The property is situated in the county seat of Jackson County, Alabama.