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Goodwill 7105 Highway 72 W 21,000 SF Retail Building Huntsville, AL 35806 $6,248,000 ($297.52/SF) 6% Cap Rate



Investment Highlights
- Positioned within the Huntsville MSA
- Long-term lease through October 2036 Significant 10%+ population growth projected through 2030 (3-mile radius)
- NNN lease – Goodwill is responsible for the day-to-day upkeep of the property
- Long-term lease through October 2036
- Alabama Goodwill Industries was founded in 1927 and operates 35 locations
- Positioned along Highway 72 West (52,000 vehicles per day)
Executive Summary
The Boulder Group is pleased to exclusively market for sale a single tenant net leased Goodwill property located in Huntsville, Alabama. The property was extensively renovated for Goodwill in 2021 and features a long-term lease through October 2036. The lease is triple net and features 5% rental escalations throughout the primary term and three 5-year renewal options.
The 21,000 square-foot building is strategically positioned along Highway 72 West, a primary corridor traveled by more than 52,000 vehicles per day. The site sits within a retail corridor anchored by Kroger, Audi, Volkswagen, Texas Roadhouse, Starbucks, Circle K, Buffalo Wild Wings, Popeyes, Bojangles, and several others. The property is within walking distance of 769 apartment units spanning three communities, Capital Park at 72 West, Sanctuary at Indian Creek, and Highland Pointe Apartments. It is also located just 20 minutes north of NASA’s Marshall Space Flight Center and Cummings Research Park, the nation’s second-largest research park, home to more than 300 companies across aerospace, defense, biotechnology, and advanced manufacturing. The surrounding area is both densely populated and affluent, with more than 129,000 residents within ?ve miles, an average household income surpassing $120,000 within three miles, and projected population growth of 10% or more through 2030.
Alabama Goodwill Industries, Inc., founded in Birmingham in 1927, is a nonpro?t social enterprise dedicated to providing job training, employment placement, and vocational rehabilitation services to individuals facing barriers to work, especially those with disabilities. Operating entirely through the revenue generated by its network of 17 thrift stores and 18 attended donation centers across north and central Alabama—including locations in Birmingham, Huntsville, Montgomery, Mobile, and surrounding communities—Alabama Goodwill transforms donated clothing and household goods into life-changing opportunities.
The 21,000 square-foot building is strategically positioned along Highway 72 West, a primary corridor traveled by more than 52,000 vehicles per day. The site sits within a retail corridor anchored by Kroger, Audi, Volkswagen, Texas Roadhouse, Starbucks, Circle K, Buffalo Wild Wings, Popeyes, Bojangles, and several others. The property is within walking distance of 769 apartment units spanning three communities, Capital Park at 72 West, Sanctuary at Indian Creek, and Highland Pointe Apartments. It is also located just 20 minutes north of NASA’s Marshall Space Flight Center and Cummings Research Park, the nation’s second-largest research park, home to more than 300 companies across aerospace, defense, biotechnology, and advanced manufacturing. The surrounding area is both densely populated and affluent, with more than 129,000 residents within ?ve miles, an average household income surpassing $120,000 within three miles, and projected population growth of 10% or more through 2030.
Alabama Goodwill Industries, Inc., founded in Birmingham in 1927, is a nonpro?t social enterprise dedicated to providing job training, employment placement, and vocational rehabilitation services to individuals facing barriers to work, especially those with disabilities. Operating entirely through the revenue generated by its network of 17 thrift stores and 18 attended donation centers across north and central Alabama—including locations in Birmingham, Huntsville, Montgomery, Mobile, and surrounding communities—Alabama Goodwill transforms donated clothing and household goods into life-changing opportunities.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Building Size
21,000 SF
Building Class
B
Year Built
1978
Price
$6,248,000
Price Per SF
$297.52
Cap Rate
6%
NOI
$374,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.88 AC
Zoning
Commercial
Parking
57 Spaces (2.71 Spaces per 1,000 SF Leased)
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
-
- Retailer
- -
- -
- Oct 2036
Goodwill began in 1902 as a nonprofit movement built around collecting donated goods, repairing usable items, and using resale revenue to support people seeking work. Today, Goodwill operates as a network of community-based organizations that provide job training, employment placement services, and other programs for people facing barriers to employment. The organization uses donated-goods retail to fund local mission services, combining thrift operations with workforce development and community support. Goodwill's work spans employment readiness, skills-building, and reinvestment in local communities through its affiliated nonprofit model.
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
|
Retailer | - | - | Oct 2036 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-07-26-2-000-010.000 | Improvements Assessment | $351,100 |
| Land Assessment | $284,440 | Total Assessment | $635,540 |
Property Taxes
Parcel Number
15-07-26-2-000-010.000
Land Assessment
$284,440
Improvements Assessment
$351,100
Total Assessment
$635,540
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