1201 Memorial Pky N
Huntsville, AL 35801
The Fountain · Retail Property For Sale

SRS Investment Properties Group, as exclusive broker, is pleased to offer for sale, The Fountain - a 38,338± SF multi-tenant retail strip center that is shadow-anchored by Costco and The Home Depot, located in Huntsville, AL. Strategically-positioned between Costco and The Home Depot, within a vibrant retail nucleus, The Fountain benefits from a massive regional consumer draw created by the synergistic shadow anchors. The Fountain’s thru road bisects the Property, allowing traffic to flow between N Memorial Pkwy (US-231/US-431/AL-1) and Pulaski Pike NW, while accessing the subject property, along with Costco and The Home Depot, and national outparcels – Starbucks, Dunkin’ Donuts, Zaxby’s and Five Guys. The tenant line-up at The Fountain is comprised of 96.4% national retailers with an average tenure at the Property of 14.6 years. Staples, which has operated successfully at the property since 2003, just renewed for five (5) years, reconfirming its commitment to the location, supported by solid sales numbers. Citi Trends has term through 2024 paying below market rent. Location The Fountain is situated on the north side of Downtown Huntsville with convenient access to one of the region’s busiest traffic corridors. Positioned at the signalized intersection of N Memorial Pkwy (US-231/US-431/AL-1) and University Dr (US-72/AL-2), The Fountain accesses a phenomenal combined traffic count of 112,150 VPD in front of the Property. US-231 runs north and south toward Birmingham, intersecting with I-59; while University Dr runs west, connecting with Madison, Athens and Florence Alabama. Huntsville is surrounded by hilly plateaus while serving as the county seat for Madison County. The third-largest city in the state and largest component of the Huntsville-Decatur-Albertville, AL CSA, Huntsville is home to a growing population of over 194,057 people. With a highly diverse economy, Huntsville is a major center for aerospace and military technology, biotechnology, medicine, manufacturing and more. Redstone Arsenal, NASA’s Marshall Space Flight Center and Cummings Research Park (CRP) comprise the main hubs for the area’s technology-driven economy. Cummings Research Park is the second largest research park in the United States and the fourth largest in the world. It is one of the world’s leading science and technology business parks, with a mixture of Fortune 500 companies, local and international high-tech enterprises, U.S. space and defense agencies, thriving business incubators and competitive higher-education institutions. CRP is the home of nearly 300 companies, almost 27,000 employees and 11,500 students.