4935 University Dr NW
Huntsville, AL 35816
Jim 'N Nick's: Huntsville, AL · Retail Property For Sale

The CBRE Net Lease Property Group is pleased to exclusively offer the opportunity to acquire an absolute NNN Jim ‘N Nick’s Community Bar-B-Q ground lease situated on 2.11 acres in Huntsville, Alabama which is one of the premier metro areas in the southeast region (MSA Population:445,448). Built in 2017, Jim ‘N Nick’s lease has ±14.5 years remaining and features 10% rent bumps in years 6 and 11 as well as each of the three 5-year options. The property is ideally positioned just east of Research Park Boulevard (Traffic Count: 62,940) with excellent frontage and visibility on University Drive (Traffic Count: 56,130 VPD), the area’s primary thoroughfare heading east into Downtown. Jim ‘N Nick’s also benefits from its location within the area’s dominant retail and commercial corridor, which is anchored by a myriad of big box retailers including: Walmart Supercenter, Sam’s Club, Ross, Best Buy, Target and Burlington and features 13.2 MSF of retail, 15.2 MSF of office, 6.6 MSF of industrial and 23,000 multifamily units within a 5-mile radius. Other major retailers with a presence in the immediate vicinity include Walmart Neighborhood Market, Office Depot, Dick’s Sporting Goods, Floor & Décor, Big Lots, PetSmart, Party City, Synovus, PNC Bank, Steak N Shake, Krystal, Taco Bell and Chick Fil A, among many others. A number of office developments are also proximate to the site and the campuses of University of Alabama Huntsville, Faulkner University Huntsville and Oakwood University (Combined enrollment: 12,000+) are all within 1.5 miles of Jim ‘N Nick’s providing a built-in customer base. In addition, the property benefits from attractive demographics with a population of 115,900 and an average household income of $67,565 within a 5-mile radius. Finally, the site is just east of MidCity Huntsville, a new 100-acre mixed use redevelopment of a former mall which upon completion will include 345,000 sq. ft. of specialty retail, 200,000 sq. ft. of office, over 900 residential units and a 150-room boutique hotel. The development will also include a 38-acre public park with a lake, trails, kayak center, and a 8,500-seat ampitheatre. Concepts including Top Golf, Wahlburgers, Dave & Busters, AC Marriot have either already opened or are committed to occupy the $350 million development, which is currently the fourth largest commercial real estate development in the U.S.