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Shops of Scottsboro | 100% Occupied | NNN Ls 24540 John T Reid Pky

77,328 SF 100% Leased 4-Star Retail Building Scottsboro, AL 35768 £14,118,268 (£183/SF) 6% Net Initial Yield

Investment Highlights

  • 100% Occupied | NNN Leases | Ecommerce Resistant Tenants | Diverse Tenant Lineup | Brand New Construction
  • Signalized, Hard Corner Intersection | Heavily Traveled Trade Area | John T. Reid Parkway (30,200 VPD) | Excellent Visibility & Access
  • Scottsboro Marketplace | Strong National/Credit Tenants | Dense Retail Trade Area | Strong Tenant Synergy
  • Strong Demographics in 10-Mile Trade Area | Huntsville MSA

Executive Summary

SRS Real National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in The Shops of Scottsboro, a 100% occupied, grocery anchored center located in Scottsboro, Alabama (Huntsville MSA). The center consists of a diverse, ecommerce resistant lineup made up of 96% corporate tenants encompassing retail, service, and restaurant businesses, creating a stabilized income stream for a future investor. A majority of the tenants operate under leases which are NNN in nature, minimizing expense leakage for a future investor. Publix constitutes over 56% of the gross leaseable area and accounts for 59% of the rental income. The site features brand new construction with a state-of-the-art design and amenities.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
77,328 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
2021
Price
£14,118,268
Price Per SF
£183
Net Initial Yield
6%
NOI
£847,101
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.10
Land Acres
17.44 AC
Zoning
C-4 - Regional Commercial
Parking
5.07 Spaces per 1,000 SF Leased

Amenities

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalised Intersection

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
27-09-29-1-000-004.000
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£1,725,496
  • Listing ID: 29044256

  • Date on Market: 19/07/2023

  • Last Updated:

  • Address: 24540 John T Reid Pky, Scottsboro, AL 35768

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