Technical
Financial
Distress signals
Property profile

6945 Highway 72 Huntsville, AL 35806

OFF-MARKET
Lifestyle centers
Property ID
US03-2796494
12,510 SF 0.94 ac lot Built 2004
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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)
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

Current use

Occupant on record · Public records
  • Insurance Agency
  • Physician
  • Physician
  • Alternative Medicine Practice
  • Alternative Medicine Practice

Location

6945 Highway 72 Huntsville, AL 35806
Huntsville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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