2005 6th Ave SE - Restaurant FOR SALE


Decatur, AL 35601
$3,250,000 USD
770-312-9840
2005 6th Ave SE, Decatur, AL for Sale
$3,250,000 USD
Restaurant - FOR SALE
1/2
null | 6% Cap Rate

2005 6th Ave SE
Decatur, AL 35601


HIGHLIGHTS

  • 2025, BRAND NEW CONSTRUCTION STARBUCKS WITH A FRESH 10-YR LEASE
  • STARBUCKS- MOST DOMINANT GLOBAL COFFEE OPERATOR
  • STRONG DEMOGRAPHIC PROFILE / BOOMING RETAIL CORRIDOR
  • HUNTSVILLE MSA ADVANTAGE

OVERVIEW

Colliers is pleased to offer qualified investors the opportunity to acquire a brand-new construction, Starbucks in the bustling commercial corridor of Decatur (Huntsville), AL. Starbucks executed a fresh 10-YR lease, which shall expire in 2035 and has no early kick-out clause. Furthermore, an investor will benefit from limited LL responsibilities, primarily roof, and structure, both of which are brand new and feature warranties. Furthermore, the lease includes 10% bumps every five years. Additionally, the lease is executed by Starbucks corporation, which benefits from investment grade credit (S&P: BBB+) and has a market cap of ±$128 B. The Huntsville MSA has experienced outstanding growth. Huntsville’s GDP has climbed 79% from 2008 to 2022, from $21.2 Billion to $38.1 billion. The Huntsville MSA is one of the fastest-growing in the nation. Home to the economic engine of The Redstone Arsenal, a military base with over 75 tenant agencies, the arsenal has an annual payroll of $3.3 billion. Not only does Redstone economically impact North Alabama, it significantly impacts the entire region. Furthermore, Mazda Toyota opened a $2.3 billion plant, a 3.7 million-square-foot facility in Huntsville, which has a spin-off effect of 16,000 jobs. Additionally, there is currently a planned $2.2 billion 411-acre development that is less than a 15-minute drive time from the subject property projected to transform the region. Planned are more than 3,500 residential units and 200,000 SF of commercial space. In summary, the Huntsville MSA is transforming into one of the most highly sought-after MSAs in the nation.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$1,300 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Starbucks

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Fast Food, Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Henry KushnerColliersMore Info
770-312-9840

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Henry KushnerColliersMore Info
770-312-9840

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