1085 Mid City Dr NW - Freestanding FOR SALE


Huntsville, AL 35806
$4,650,000 USD
949-903-3399
1085 Mid City Dr NW, Huntsville, AL for Sale
$4,650,000 USD
Freestanding - FOR SALE
1/7
null | 4.41% Cap Rate

1085 Mid City Dr NW
Huntsville, AL 35806


HIGHLIGHTS

  • Brand New 10 Yr. NN Corp. Lease by Starbucks (NASDAQ: SBUX)- Double Drivethru- Just Opened!
  • Legacy NNN Opportunity- Portion of Mid City District Mixed Use Master Planned/ High-Tech District
  • Huntsville is the Next Austin- Called Rocket City USA, U.S. Space Command/ Nasa Center Located Here
  • True Trophy Site next to TopGolf- Epicenter of Retail Trade Area- The Camp/Huntsville Amphitheater
  • Best in Class/ Iconic Brand- World Largest Coffee House Chain (36K+ Locations)- $115B+ CAP
  • Next to Cummings Research Park- 2nd Largest Research Park in the U.S.- over 100K High Tech Workers

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to qualified investors an opportunity to acquire a new single tenant net leased investment occupied by Starbucks in Huntsville, AL. The new construction Starbucks is subject to a 10-year net lease with four 5-year option periods, 10% rent increases every 5 years, a corporate guarantee and limited landlord responsibilities providing years of inflation resistant income. Starbucks is at the gateway of MidCity District, a 140-acre redevelopment project prioritizing entertainment fitness and recreation, public gathering areas, walkable streets, inspired architecture, vibrant neighborhoods and intimate spaces. The redevelopment comprises over 660,000 SF of curated retail, 400,000 SF of modern office space, over 1,865 multi-family units and 925 hospitality room. Attractions include the Orion Amphitheater (8,000 capacity concert venue), The Camp (placemaking destination), Top Golf, Dave & Buster’s, High Point Climbing & Fitness, REI and more.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$1,860 USD /SF

CAP RATE

4.41%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks - New 10 Yr. Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

32

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

-

APN/PARCEL ID

14-09-31-0-000-013.009

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.