11550 Memorial Pky SW
Huntsville, AL 35803
Hi-Tech Fuel · Retail Property For Sale

Investment Highlights: Approximately 2,480 SF convenience store and gas station in Huntsville, AL Single tenant, 5 years modified net lease through December 2019 on initial lease term. A full copy of the lease document is available with a signed confidentiality agreement. Tenant pays taxes, insurance and building maintenance (excluding roof). Option to renew for five (5) years at increased rent Superior location adjacent to S Memorial Pkwy (SR 231) with pylon visible to over 58,000 VPD Value-add opportunity to re-lease property while collecting rent from the current tenant Retail corridor location with Walmart, Dollar Tree and Aldi Supermarket less than 0.5 miles away Situated in a very visible location on the busiest north-south road in the submarket Hard corner location with several curb cuts on Southpark Blvd and S Memorial Pkwy Investment Overview: Hi-Tech Huntsville (the Property) is a single tenant modified net lease convenience store and gas station located at 11550 South Memorial Parkway in Huntsville, Alabama. Built in 1987, the Property consists of approximately 2,480 SF convenience store and covered gas pumps. The Property is less than 0.5 miles to numerous retailers like Walmart and Aldi Supermarket which provide a major draw to the trade area. The lease contains a termination clause that allows for early termination at any time prior to the expiration of the lease. The Property is conveniently situated on South Memorial Parkway with a visible pylon to take advantage of the high volume of traffic in the area with over 58,000 vehicles per day. South Memorial Parkway (SR 231) is the primary north-south commercial thoroughfare in Huntsville. Within a 5-mile radius of the Property, there are over 85,955 residents with an average household income exceeding $80,000. Huntsville is a city centrally located in the northernmost part of the State of Alabama. Huntsville is the county seat of Madison County, and the fourth-largest city in Alabama. Huntsville's economy is built on a diverse set of economic drivers; including aerospace/defense, information technology, advanced manufacturing, and bioscience. Huntsville is nicknamed The Rocket City for its close history with U.S. space missions. The city remains the center of rocket-propulsion research in the U.S. with many aerospace and defense contractors facilities located in the area. The city is home to U.S. Army Aviation and Missile Command and NASA's Marshall Space Flight Center.