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Tire Discounters, Huntsville, AL

Tire Discounters

Huntsville, AL

Price $3,153,000
Cap Rate 5.75%
NOI $181,265
Lease Term 20 Years
Lease Type Absolute NNN Lease, with Tenant Responsible for All Taxes, Insurance, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 5% Rental Increases Every Five Years
Year Built Call for Details
Building Size 8,249 SF
Lot Size 1.10 Acres (47,916 SF)
Status Available
Lead Broker Information Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Cushman and Wakefield Inc. LIC. # 00616335
This property is listed in conjunction with Alabama-licensed real estate broker Commercial Realty, LLC.

Investment Highlights

LONG-TERM ABSOLUTE NNN LEASE
» 20-year NNN lease with absolutely no landlord management, providing an ideal investment for an out-of-area investor
» 5% rental increases every five years, providing an excellent hedge against inflation

HIGH-TRAFFIC LOCATION IN DENSE RETAIL CORRIDOR
» Located just off of the signalized intersection of Memorial Parkway South and Hobbs Road, with excellent visibility and access to 53,810 vehicles per day
» Adjacent to Southeast Plaza, which is anchored by Walmart Supercenter and features notable retailers like Verizon, Dollar Tree, GameStop, and Chick-fil-A
» Nearby tenants include Home Depot, Lowe’s, Sam’s Club, Aldi, AutoZone, BMW, Walgreens, and CVS

CLOSE PROXIMITY TO MAJOR EMPLOYERS, SCHOOLS, AND RESIDENTIAL NEIGHBORHOODS
» Adjacent to Redstone Arsenal, with Hobbs Road providing direct access to the base
» Redstone Arsenal contains a government and contractor workforce that averages approximately 43,000 personnel daily
» A major economic engine for the region, the total annual impact of Redstone Arsenal is estimated at 90,500 jobs and $10.56 billion in economic output
» Close to a number of schools, including Grissom High School (1,992 students) and Challenger Elementary and Middle School (1,052 students)
» Surrounded by affluent residential neighborhoods, with an average household income of $94,182 within a five-mile radius

NEW CONSTRUCTION
» Features latest store designs and concepts
» New building, limiting near-term deferred maintenance or capital costs

Click Here to Download Offering Memorandum


Property Description

The property is conveniently located just off of the signalized intersection of Memorial Parkway South and Hobbs Road, with excellent visibility and access to 53,810 vehicles per day. Located in a dense retail corridor, the property is surrounded by major national tenants. The property is adjacent to Southeast Plaza, which is anchored by Walmart Supercenter and features notable retailers like Verizon, Dollar Tree, GameStop, and Chick-fil-A. The property is a short distance from several big box stores, including Sam’s Club, Lowe’s, and Home Depot. A number of complimentary retailers—like Shell, AutoZone, BMW, and Advance Auto Parts—are also nearby. Other notable retailers in the surrounding area include Aldi, Burger King, Wendy’s, Ruby Tuesday, Walgreens, and CVS.

The property benefits from a strong customer base due to its close proximity to major employers, schools, and residential neighborhoods. The property is adjacent to Redstone Arsenal, with Hobbs Road providing direct access to the base. Redstone Arsenal is a United States Army post and a garrison for a number of tenants, including several United States Army missile and rocket programs and NASA’s Marshall Space Flight Center. The base contains a government and contractor workforce that averages approximately 43,000 personnel daily. A major economic engine for the region, the total annual impact of Redstone Arsenal is estimated at 90,500 jobs and $10.56 billion in economic output. The property is also close to a number of schools, including Grissom High School (1,992 students), Challenger Elementary and Middle School (1,052 students), and Farley Elementary School (352 students). The property is also supported by the surrounding residential neighborhoods, which are still experiencing a significant amount of growth and new development. Additionally, the property is located in an affluent region, with an average household income of $94,182 within a five-mile radius.

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