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4820 University Dr 1,500 SF Retail Condo Unit Offered at $150,000 in Huntsville, AL 35816

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INVESTMENT HIGHLIGHTS

Heavy Traffic, 24 hours
Strong and stable tenant in high demand product field

Great visibility, new buildout

EXECUTIVE SUMMARY

Mission Square is a retail/office condominium complex located at the northwest corner of University Drive/AKA U.S. Highway 72 and Wynn Drive. This condo complex was constructed in 1986 and consists of two stories, with 38 units total.

Flier University Drive 4820

PROPERTY FACTS Under Contract

Total Building Size	45,426 SF	Year Built	1987
Property Type	Retail (Condo) General Retail Storefront	Lot Size	1.82 AC
Building Class	C	Parking Ratio	1.54/1,000 SF
Floors	2	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Typical Floor Size	20,000 SF
Zoning	C-4 - Highway Business District

Total Building Size	45,426 SF
Property Type	Retail (Condo) General Retail Storefront
Building Class	C
Floors	2
Typical Floor Size	20,000 SF
Year Built	1987
Lot Size	1.82 AC
Parking Ratio	1.54/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	C-4 - Highway Business District

24 Hour Access
Corner Lot

Security System
Signage

Signalized Intersection
Tenant Controlled HVAC

Air Conditioning

1 UNIT AVAILABLE

Unit Unit 1

Unit Size	1,500 SF	Sale Status	Under Contract
Price	$150,000	Cap Rate	10.02%
Price Per SF	$100.00	NOI	$15,028
Condo Use	Retail	APN/Parcel ID	14-09-32-2-000-058.000
Sale Type	Investment

Unit Size	1,500 SF
Price	$150,000
Price Per SF	$100.00
Condo Use	Retail
Sale Type	Investment
Sale Status	Under Contract
Cap Rate	10.02%
NOI	$15,028
APN/Parcel ID	14-09-32-2-000-058.000

DESCRIPTION

The property is a first floor condo unit located at endcap with over 45,000 traffic counts daily. Unit 1 has been combined with Unit 2 (not for sale or part of this offering) under same lease terms and conditions. Both Units 1 and 2 are end cap units facing University Drive, with dual ingress/egress from both University Drive and Wynn Drive.

SALE NOTES

Unit 1 of Mission Square Condominium for sale at $150,000. Tenant is operating as Cloudy Dayz, a successful tobacco/vape retail store with two locations in Huntsville/Madison, Alabama.

The lease is in its first year of a five-year term, with two, five-year options for renewal at a 10% increase upon each renewal. Condo dues are $175 per month, with property taxes being $872 for 2025 and 2026. Tenant maintains interior of unit, and condo association maintains exterior of property to include insurance, HVAC, roof, paving, and common areas.