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1091 Highway 31 NW
Hartselle, AL 35640
Hartselle Shoppes · Retail Property For Sale
Investment Highlights
- Positioned along a major regional thoroughfare offering exceptional visibility and steady daily traffic that continuously supports tenant performance.
- Features a durable and internet-resistant tenant mix anchored by a top-performing national discount retailer with proven sales resilience.
- Multiple tenants operate below prevailing market rental rates, providing a clear path for income growth through upcoming renewals.
- Situated directly beside a strong-drawing Walmart, creating powerful cross-shopping momentum and consistent consumer activity throughout the day.
- Offers immediate value-add potential through the lease-up of a well-located inline space with strong market rent upside.
- Benefits from long-term ancillary revenue through an established billboard agreement that contributes predictable annual income.
Executive Summary
Hartselle Shoppes represents a compelling opportunity to acquire a well-positioned, internet-resistant retail center located in the rapidly growing Huntsville–Decatur metropolitan region. Situated along Highway 31, one of the area’s premier commercial corridors, the property benefits from exceptional visibility with more than 400 feet of frontage and over 22,000 vehicles passing daily. The center sits directly adjacent to a high-performing Walmart, providing consistent cross-shopping and sustained traffic throughout the trade area.
Built in 2014, the center has been meticulously maintained and offers a stable foundation of established tenants supported by strong area demographics. The tenant mix includes Dollar Tree, Marco’s Pizza, Osaka Sushi & Steakhouse, and Mia Nail Lounge—operators that perform well across economic cycles and remain resilient to online competition. Dollar Tree, in particular, ranks as a top performer within its regional peer set, reinforcing the strength of this location.
The property is currently 89 percent occupied and delivers predictable cash flow with meaningful upside remaining. A 2,000-square-foot suite is immediately leasable, with projected market rents offering more than $41,000 in additional annual revenue once stabilized. Several existing tenants are also paying below-market rents, allowing new ownership to capture organic growth through renewals and mark-to-market adjustments. With a remaining weighted average lease term of more than four years, the asset provides both near-term value creation opportunities and steady income.
Surrounded by national retailers such as Lowe’s, Kroger, Tractor Supply, Harbor Freight, and Planet Fitness, Hartselle Shoppes is positioned within one of Alabama’s most dynamic growth corridors. The three-mile trade area boasts strong household incomes and continued population expansion, offering long-term security for retail demand. Offering a blend of stability, visibility, and clear upside drivers, Hartselle Shoppes is an attractive investment for buyers seeking durable returns in a growing Southeast market.
Built in 2014, the center has been meticulously maintained and offers a stable foundation of established tenants supported by strong area demographics. The tenant mix includes Dollar Tree, Marco’s Pizza, Osaka Sushi & Steakhouse, and Mia Nail Lounge—operators that perform well across economic cycles and remain resilient to online competition. Dollar Tree, in particular, ranks as a top performer within its regional peer set, reinforcing the strength of this location.
The property is currently 89 percent occupied and delivers predictable cash flow with meaningful upside remaining. A 2,000-square-foot suite is immediately leasable, with projected market rents offering more than $41,000 in additional annual revenue once stabilized. Several existing tenants are also paying below-market rents, allowing new ownership to capture organic growth through renewals and mark-to-market adjustments. With a remaining weighted average lease term of more than four years, the asset provides both near-term value creation opportunities and steady income.
Surrounded by national retailers such as Lowe’s, Kroger, Tractor Supply, Harbor Freight, and Planet Fitness, Hartselle Shoppes is positioned within one of Alabama’s most dynamic growth corridors. The three-mile trade area boasts strong household incomes and continued population expansion, offering long-term security for retail demand. Offering a blend of stability, visibility, and clear upside drivers, Hartselle Shoppes is an attractive investment for buyers seeking durable returns in a growing Southeast market.
Property Facts Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
17,560 SF
Building Class
B
Year Built
2014
Price
$3,916,398 CAD
Price Per SF
$223.03 CAD
Cap Rate
7%
NOI
$274,148 CAD
Percent Leased
89%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.21
Lot Size
1.90 AC
Parking
86 Spaces (4.9 Spaces per 1,000 SF Leased)
Frontage
437’ on US-31 Highway NW
Property Taxes
| Parcel Number | 15-02-10-2-003-016.000 | Improvements Assessment | $566,021 CAD |
| Land Assessment | $111,619 CAD | Total Assessment | $677,640 CAD |
Property Taxes
Parcel Number
15-02-10-2-003-016.000
Land Assessment
$111,619 CAD
Improvements Assessment
$566,021 CAD
Total Assessment
$677,640 CAD
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