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Property profile & analytics
OFF-MARKET
Lifestyle centers

6945 Highway 72 Huntsville, AL 35806

12,510 SF 0.94 ac lot Built 2004
Property ID
US03-2796494
Property summary
AI-generated overview

This exceptional investment opportunity presents a 12,510 square foot, single-story shopping center in Huntsville, Alabama. Located at 6945 Hwy 72 W, this property boasts a prime location on a major retail corridor with 48,000 vehicles passing daily. The center is 100% occupied by six tenants, including Trusty Vet and State Farm, generating a strong net operating income (NOI) of $149,822 and a 6.75% cap rate. Built in 2004, the property features seven units, 43 parking spaces, and sits on a 0.94-acre lot. The asking price is $2,220,000, translating to $177 per square foot. Benefitting from a triple-net (NNN) lease structure with rent bumps, this investment offers a durable income stream. The property is situated within a thriving area, close to major national retailers like Kroger, Hobby Lobby, and Lowe's, which ranks in the top 92nd percentile nationally for foot traffic. The surrounding area demonstrates strong demographics, with over 5,000 people within a one-mile radius and an average household income exceeding $113,000. Significant nearby development projects, including the expansion of Village of Providence and the Clift Farm mixed-use development, promise continued growth and increased value. Huntsville's robust economy, driven by aerospace, defense, and technology industries, further enhances the long-term potential of this investment. This core+ investment is an excellent opportunity to capitalize on the growth of this dynamic market. The property's strong tenancy, favorable lease terms, and prime location make it a compelling addition to any portfolio.

Property profile
Verified
Property type Lifestyle centers
Year built 2004
Total area 12,510 SF
Lot 0.94 ac (40,946 SF)
APN 532282
UPID US03-2796494
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • John Gunn III - State Farm Insurance Agent Insurance Agency
  • Perfect Optical Eyecare Center Physician
  • Dane W. Bagley, OD Physician
  • Kay Chiropractic Alternative Medicine Practice
  • Michael A. Kay, DC Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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