1260 Hwy 72 E
Athens, AL 35611
Retail Property For Sale

INCREDIBLE RETAIL FUNDAMENTALS - High Traffic Counts – the subject property is located on the premier traffic corridor of Highway 72 (± 34,000 ADT), which serves as the major thoroughfare between Huntsville and Athens - Phenomenal Retail Location – nearby national retailers include: Chick-Fil-A, Dairy Queen, DaVita Dialysis, Chevron, Krystal, Applebee’s, IHOP, Pep Boys and Bojangles’, McDonald’s, Burger King and more - In addition to the impressive retail synergy, this location benefits from several National Hotel Brands, located walking distance from major hotels including: Fairfield Inn & Suites by Marriot, Days Inn, Best Western Inn, Super 8, Holiday Inn & Suites, Quality Inn, Hampton Inn and more - This property is ideally situated between two major highways – directly off the exit for I-65 and Hwy 31 - Located less than a mile from a Walmart Supercenter and Lowe’s Home Improvement, this asset holds strong intrinsic value as part of the dominant retail trade area MARKET & AREA HIGHLIGHTS - With Average Household Incomes of over $106,575 within a 1-mile radius, the subject property is located in an affluent area just outside of the major MSA of Huntsville, Alabama - The city of Athens is part of the Huntsville, AL MSA; Huntsville is projected to become the largest city in Alabama by 2022 - Substantial Growth – this market has experienced over 18% growth from 2010-2017 and is projected for an additional 9% growth over next 5 years - Athens serves as the county seat of Limestone County in Alabama - Athens is home to several educational institutions within the 3-mile trade area, namely, Athens State University, Athens Middle School and Athens High school PROPERTY & LEASE HIGHLIGHTS - The property has enjoyed a long-term history of full occupancy with several regional and national tenants - Professionally owned and maintained premises – high-end landscaping and general upkeep - This offering provides potential investors the opportunity to create substantial value from an 8-tenant strip center, paired with a high-performing single-tenant Starbucks - Athens Plaza is an unparalleled opportunity for investors to purchase a multi-tenant asset with Minimal Landlord Responsibility, providing NNN leases with each tenant - Starbucks recently executed a brand new 10-year lease extension, indicative of its high-level performance and commitment to the location - As the only Starbucks location in the Athens market, the Starbucks property serves as the region’s leading Starbucks store: The closest Starbucks is 17 miles away