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Fifth Third Bank 9030 J S Memorial Pky 3,487 SF Retail Building Huntsville, AL 35802 $2,371,134 ($679.99/SF) 4.85% Cap Rate
INVESTMENT HIGHLIGHTS
- Long Term NNN Lease: Brand new 15-year absolute NNN ground lease with zero landlord responsibilities
- Strong Surrounding Retail: Nearby national retailers include Publix, Dunkin, Sam’s Club, Lowe’s, Home Depot, Jersey Mike’s
- Affluent Local Demographics: Trade area benefits from an affluent $105,000 average household income within 5 miles of the site
- Prime Huntsville Location: The asset is located in Huntsville, AL, which ranked #4 on U.S. News & World Report’s 2024 list of Best Places to Live
- Strategic Positioning: Site is situated along Memorial Parkway with over 50,000 VPD
EXECUTIVE SUMMARY
Corporate Guarantee: Fifth Third operates 1,100 branches across 12 states, and holds an investment grade (A-) credit rating from S&P.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
3,487 SF
Building Class
B
Year Built
1988
Price
$2,371,134
Price Per SF
$679.99
Cap Rate
4.85%
NOI
$115,000
Tenancy
Single
Building Height
1 Story
Lot Size
18.05 AC
Parking
24 Spaces (6.88 Spaces per 1,000 SF Leased)
AMENITIES
- Freeway Visibility
- Pylon Sign
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-09-31-0-002-074.000 | Improvements Assessment | $309,720 |
| Land Assessment | $171,280 | Total Assessment | $481,000 |
PROPERTY TAXES
Parcel Number
18-09-31-0-002-074.000
Land Assessment
$171,280
Improvements Assessment
$309,720
Total Assessment
$481,000
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Fifth Third Bank | 9030 J S Memorial Pky
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