5850 University NW Dr Huntsville, AL 35806-2515
University Plaza, a prime retail investment opportunity in Huntsville, Alabama, presents a unique chance to acquire space within a thriving shopping center. This two-building, single-story center boasts a highly desirable location on University Drive/Highway 72, a major retail corridor. The property enjoys exceptional visibility and accessibility, situated directly across from the Midcity District and on the perimeter of Cummings Research Park. Its strategic position offers convenient access to a significant population base, with Redstone Gateway just 3.5 miles away and Redstone Arsenal/Gate 9 only 4.5 miles distant. The center benefits from a substantial daily traffic count of 53,000 vehicles per day, ensuring high exposure for tenants. Currently, there is approximately 4,439 square feet of retail space available for lease. Strong co-tenancy adds to the property's appeal, with established businesses such as HomeGoods, Best Buy, Office Depot, and Pier 88 Seafood Restaurant already in place. Further enhancing the property's value is the presence of approximately 1,000 new multi-family units within a 3-mile radius, providing a robust and growing customer base. This exceptional retail center offers a compelling investment opportunity in a dynamic and rapidly expanding market. The available space presents a rare chance to establish a presence in one of Huntsville's most sought-after retail locations.
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Geek Squad Tech Support Center (Bike/Boat/Book/etc) Store
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Primo Water Exchange Big Box & Wholesale Store
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Office Depot Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
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University Plaza Shopping Center & Mall
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HomeGoods Home Decor Store Department Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.