Ridgeside Station – Shadow Strip

7616 US-72, Madison, Alabama

$5,885,000

Details

Price : $5,885,000
Cap Rate : 7.0%
NOI : $409,520
Building Size : 13,846 Sq Ft
Lot Size (AC) : 2 Acres
Year Built : 2017
Lease Type : NNN
Status : Available
Property Type : Retail

Investment Highlights

Brand new construction, high quality build
New absolute NNN leases; no landlord responsibilities.
Affluent demographics boast an average household income of $107,082 within a 3-mi radius.
Tenants enjoy outstanding visibility and access on Hwy-72 with 51,000+ vehicles per day and a dedicated left hand turn access.
Diverse tenant mix, all of which are widely considered to be internet-resistant retailers, providing stability to the income stream.
Ridgeside Station is strategically located on Hwy-72, a heavily-trafficked retail corridor serving Madison county residents, businesses, and commuters.
Ridgeside Station is supported by a highly desirable submarket with a rapidly growing population. The population within a 3-mi radius has grown by 13.5% between 2010-2017, and projects 5%+ growth between 2018-2023.

Description

This new construction property consists of a mixed-use multi-tenant retail center with 6 retail bays and totaling 13,864 SF. Ridgeside Station offers an investor a highly visible, well-designed strip center, located on a major commercial artery, in an affluent and densely populated area of Huntsville, AL MSA. Strategically located on Lee Hwy (US-72) in the heart of a high traffic retail corridor, the center benefits from strong traffic volumes of over 51,000 cars per day.

Located in Huntsville (MSA), Alabama, the center is strategically situated near the corner of Highway 72 and Nance Road, which experiences combined traffic counts of 61,000 vehicles per day. Highway 72 is the main retail corridor running between Madison and Huntsville, Alabama. The center is adjacent to a Kohl’s and TJ Maxx, within close proximity to Target, Home Depot, Wal-Mart, Kroger, Academy Sports, Publix, and Sprouts, among other national credit retailers.

Offering Memorandum

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