4710 University Dr NW
Huntsville, AL 35816
Aldi's Anchored Center - Huntsville · Retail Property For Sale

Marcus & Millichap is pleased to present Huntsville West, an Aldi’s grocery anchored shopping center with 56% of its revenue derived from National tenants. The property is located at 4710 University Drive, NW in Madison County, Huntsville, Alabama. Huntsville West is a thriving 212,561 SF multi-tenant retail center situated on 19.86± acres. The Offering includes three (3) outparcels (Advance Auto, Papa Johns and an 8,000 sf strip center) and a viable chance to add a fourth outparcel. The center contains a diverse mix of national and local tenants with Aldi’s, Citi Trends and Dollar General sharing in-line anchor space with other national tenants such as Advance America, Sally Beauty, H&R Block, Subway, Casual Male and more. 63% of the current GLA is occupied by national tenants who average over 10 years at the center. Rents are below market and Costar reports the submarket vacancy at 3.7% The property runs parallel to the main east/west traffic artery and is highly visible with excellent ingress and egress. It is also supported by very strong demographics with 116,000 residents within 5 miles and daily traffic counts above 90,000 vehicles. The population has grown at a rate of 40% since 2000 and is projected to continue grow strong in the next 5 years. Nearby national retailers include Factory Connection, Havertys Furniture, Best Buy, Home Goods, Earth Fare, JoAnn Fabrics, Aarons, Fedex, Chipotle, Guitar Center, Regions Bank, Krystal, Hobby Town USA, Sams, Cici’s Pizza, Sherwin Williams, Workout Anytime, Lenscrafters, Badcock Furniture and more.