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Shoppers World of Hartselle 1199 Highway 31 NW 16,000 SF 62% Leased Retail Building Hartselle, AL 35640 $2,800,000 ($175/SF) 8.13% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully Stabilized Asset - 100% Occupied
  • Shadow Anchored by Walmart Supercenter- Ranked in top 27% in AL and top 31% in the Country as of 1/25 (AlphaMaps) - 2.09M Visitors/Yr.
  • Dedicated Pylon Signage - 28' Double Illuminated Pylon Sign
  • 16,000 SF Class A Retail Center - Built in 1999/Renovated 2014
  • High Traffic Location - 21,061 Cars/Day (ADT)
  • Signalized Intersection/Corner Location at Main Entrance to Walmart Supercenter & US Highway 31; 2.5 miles to U.S I-65.

EXECUTIVE SUMMARY

Cambridge Capital Advisors, LLC in association with Gene Cody of Moore Company Realty, Inc. (Broker of Record -Alabama License#: 84534) has been exclusively retained to market for sale the fee simple interest in Shoppers World at Hartselle. The subject property is a 16,000 SF retail center, 100% occupied by a diverse mix of national, regional and local tenants in Hartselle, AL (Decatur MSA). Built in 1999 and renovated in 2014, the center is sited on approximately 1.25 acres at the main entrance drive to a Walmart Supercenter. Shoppers World at Hartselle’s tenant roster includes newly executed leases with ExperCare, Rest Nest, Coco Nails and Perfect Cuts. Other tenants comprising the balance of the rent roll include AT&T, GameStop and Hartselle Smoke and Vape.

The subject property is strategically located at the signalized entrance drive to a Walmart Supercenter located on UD Highway 31, with an average daily traffic count (ADT) of 21,061 cars per day. The center is located 24.3 miles from the Huntsville International Airport (HSV) on the main retail corridor in Hartselle and services the Huntsville/Decatur trade area.
Hartselle is Morgan County’s second largest city, located in north Alabama along Interstate 65 approximately 70 miles north of Birmingham, and approximately 35 miles Southwest of Huntsville. Hartselle is part of the Decatur MSA, which has an estimated population of 159,651 as of 2024. The center has good access via a combination of interstate highways, state and local roads. Interstate Highway 65 provides primary access from surrounding areas, including downtown Birmingham and Huntsville. U.S. Highway 31 and East Main Street are the primary commercial arteries in the area.
¦ Fully Stabilized Asset - 100% Occupied
¦ 16,000 SF Class A Retail Center - Built in 1999/Renovated in 2014
¦ Shadow Anchored by Walmart Supercenter – Ranked in Top 27% in AL and Top 31% in the Country (Source: Alphamaps) as of Jan. 2025, with 174,255 monthly visitors (2.09M visitors/yr.)
¦ High Traffic Location – Combined Average Daily Traffic (ADT – 21,061 Cars/Day)
¦ Corner Location at main entrance to Walmart Supercenter & US Highway 31; 2.5 miles to U.S I-65.
¦ Dedicated Pylon Signage – 28’ Double Illuminated Pylon Sign
¦ National Tenants/Retailers in Corridor Include: Kroger, Lowes, Walmart, Taco Bell, Little Caesars, KFC, Verizon, Scooters Coffee, Arby’s, Captain D’s Seafood, Burger King, McDonalds, Sonic, Jimmy Johns, T-Mobile, Zaxby’s, O’Reillys Auto Parts, Auto Zone, Advance Auto Parts, Walgreens, Planet Fitness, Wendy’s, UPS Store, Domino’s Pizza. Subway, Pet Supplies Plus, Harbor Freight and Tractor Supply amongst others.

DATA ROOM Click Here to Access

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Building Size
16,000 SF
Building Class
B
Year Built/Renovated
1999/2014
Price
$2,800,000
Price Per SF
$175
Cap Rate
8.13%
NOI
$227,642
Percent Leased
62%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.25 AC
Zoning
B-1 - Local Shopping District / Conforming
Parking
65 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
122’ on Highway 31

AMENITIES

  • Corner Lot
  • Pylon Sign
  • Signage
  • Signalized Intersection
  • Tenant Controlled HVAC

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • POSITION
  • AVAILABLE
  • 1
  • 3,500 SF
  • Retail
  • End Cap
  • Now

Shares signalized access with Walmart Supercenter.

  • 4
  • 1,600 SF
  • Retail
  • In-Line
  • Now

Shares signalized access with Walmart Supercenter.

  • 6
  • 1,040 SF
  • Retail
  • -
  • Now

2nd generation Hair Salon. Shares signalized access with Walmart Supercenter.

Space Size Space Use Position Available
1 3,500 SF Retail End Cap Now
4 1,600 SF Retail In-Line Now
6 1,040 SF Retail - Now

1

Size
3,500 SF
Space Use
Retail
Position
End Cap
Available
Now

4

Size
1,600 SF
Space Use
Retail
Position
In-Line
Available
Now

6

Size
1,040 SF
Space Use
Retail
Position
-
Available
Now

1

Size 3,500 SF
Space Use Retail
Position End Cap
Available Now

Shares signalized access with Walmart Supercenter.

4

Size 1,600 SF
Space Use Retail
Position In-Line
Available Now

Shares signalized access with Walmart Supercenter.

6

Size 1,040 SF
Space Use Retail
Position -
Available Now

2nd generation Hair Salon. Shares signalized access with Walmart Supercenter.

NEARBY MAJOR RETAILERS

Scooter's Coffee
Bank Independent
PNC Bank
Zaxby's
Storage Sense
Planet Fitness
Kroger
Regions Bank
Jefferson's Restaurant

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-02-10-2-003-015.000
Land Assessment
$56,060
Improvements Assessment
$160,700
Total Assessment
$216,760
  • Listing ID: 35745856

  • Date on Market: 5/5/2025

  • Last Updated:

  • Address: 1199 Highway 31 NW, Hartselle, AL 35640

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