24540 John T Reid Pky - Freestanding FOR SALE


Scottsboro, AL 35768
$17,871,000 USD
480-221-4221
24540 John T Reid Pky, Scottsboro, AL for Sale
$17,871,000 USD
Freestanding - FOR SALE
1/8
null | 6% Cap Rate

24540 John T Reid Pky
Scottsboro, AL 35768


HIGHLIGHTS

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

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$17,871,000 USD

PRICE/SF

$212 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Shops of Scottsboro | 100% Occupied | NNN Ls

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

17.44 AC

LAND SF

759,686 SF

ZONING

C-4

APN/PARCEL ID

27-09-29-1-000-004.000

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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