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Shoppers World of Hartselle 1199 Highway 31 NW 16,000 SF 62% Leased Retail Building Hartselle, AL 35640 $3,896,200 CAD ($243.51 CAD/SF) 8.13% Cap Rate



INVESTMENT HIGHLIGHTS
- Fully Stabilized Asset - 100% Occupied
- Shadow Anchored by Walmart Supercenter- Ranked in top 27% in AL and top 31% in the Country as of 1/25 (AlphaMaps) - 2.09M Visitors/Yr.
- Dedicated Pylon Signage - 28' Double Illuminated Pylon Sign
- 16,000 SF Class A Retail Center - Built in 1999/Renovated 2014
- High Traffic Location - 21,061 Cars/Day (ADT)
- Signalized Intersection/Corner Location at Main Entrance to Walmart Supercenter & US Highway 31; 2.5 miles to U.S I-65.
EXECUTIVE SUMMARY
Cambridge Capital Advisors, LLC in association with Gene Cody of Moore Company Realty, Inc. (Broker of Record -Alabama License#: 84534) has been exclusively retained to market for sale the fee simple interest in Shoppers World at Hartselle. The subject property is a 16,000 SF retail center, 100% occupied by a diverse mix of national, regional and local tenants in Hartselle, AL (Decatur MSA). Built in 1999 and renovated in 2014, the center is sited on approximately 1.25 acres at the main entrance drive to a Walmart Supercenter. Shoppers World at Hartselle’s tenant roster includes newly executed leases with ExperCare, Rest Nest, Coco Nails and Perfect Cuts. Other tenants comprising the balance of the rent roll include AT&T, GameStop and Hartselle Smoke and Vape.
The subject property is strategically located at the signalized entrance drive to a Walmart Supercenter located on UD Highway 31, with an average daily traffic count (ADT) of 21,061 cars per day. The center is located 24.3 miles from the Huntsville International Airport (HSV) on the main retail corridor in Hartselle and services the Huntsville/Decatur trade area.
Hartselle is Morgan County’s second largest city, located in north Alabama along Interstate 65 approximately 70 miles north of Birmingham, and approximately 35 miles Southwest of Huntsville. Hartselle is part of the Decatur MSA, which has an estimated population of 159,651 as of 2024. The center has good access via a combination of interstate highways, state and local roads. Interstate Highway 65 provides primary access from surrounding areas, including downtown Birmingham and Huntsville. U.S. Highway 31 and East Main Street are the primary commercial arteries in the area.
¦ Fully Stabilized Asset - 100% Occupied
¦ 16,000 SF Class A Retail Center - Built in 1999/Renovated in 2014
¦ Shadow Anchored by Walmart Supercenter – Ranked in Top 27% in AL and Top 31% in the Country (Source: Alphamaps) as of Jan. 2025, with 174,255 monthly visitors (2.09M visitors/yr.)
¦ High Traffic Location – Combined Average Daily Traffic (ADT – 21,061 Cars/Day)
¦ Corner Location at main entrance to Walmart Supercenter & US Highway 31; 2.5 miles to U.S I-65.
¦ Dedicated Pylon Signage – 28’ Double Illuminated Pylon Sign
¦ National Tenants/Retailers in Corridor Include: Kroger, Lowes, Walmart, Taco Bell, Little Caesars, KFC, Verizon, Scooters Coffee, Arby’s, Captain D’s Seafood, Burger King, McDonalds, Sonic, Jimmy Johns, T-Mobile, Zaxby’s, O’Reillys Auto Parts, Auto Zone, Advance Auto Parts, Walgreens, Planet Fitness, Wendy’s, UPS Store, Domino’s Pizza. Subway, Pet Supplies Plus, Harbor Freight and Tractor Supply amongst others.
The subject property is strategically located at the signalized entrance drive to a Walmart Supercenter located on UD Highway 31, with an average daily traffic count (ADT) of 21,061 cars per day. The center is located 24.3 miles from the Huntsville International Airport (HSV) on the main retail corridor in Hartselle and services the Huntsville/Decatur trade area.
Hartselle is Morgan County’s second largest city, located in north Alabama along Interstate 65 approximately 70 miles north of Birmingham, and approximately 35 miles Southwest of Huntsville. Hartselle is part of the Decatur MSA, which has an estimated population of 159,651 as of 2024. The center has good access via a combination of interstate highways, state and local roads. Interstate Highway 65 provides primary access from surrounding areas, including downtown Birmingham and Huntsville. U.S. Highway 31 and East Main Street are the primary commercial arteries in the area.
¦ Fully Stabilized Asset - 100% Occupied
¦ 16,000 SF Class A Retail Center - Built in 1999/Renovated in 2014
¦ Shadow Anchored by Walmart Supercenter – Ranked in Top 27% in AL and Top 31% in the Country (Source: Alphamaps) as of Jan. 2025, with 174,255 monthly visitors (2.09M visitors/yr.)
¦ High Traffic Location – Combined Average Daily Traffic (ADT – 21,061 Cars/Day)
¦ Corner Location at main entrance to Walmart Supercenter & US Highway 31; 2.5 miles to U.S I-65.
¦ Dedicated Pylon Signage – 28’ Double Illuminated Pylon Sign
¦ National Tenants/Retailers in Corridor Include: Kroger, Lowes, Walmart, Taco Bell, Little Caesars, KFC, Verizon, Scooters Coffee, Arby’s, Captain D’s Seafood, Burger King, McDonalds, Sonic, Jimmy Johns, T-Mobile, Zaxby’s, O’Reillys Auto Parts, Auto Zone, Advance Auto Parts, Walgreens, Planet Fitness, Wendy’s, UPS Store, Domino’s Pizza. Subway, Pet Supplies Plus, Harbor Freight and Tractor Supply amongst others.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Building Size
16,000 SF
Building Class
B
Year Built/Renovated
1999/2014
Price
$3,896,200 CAD
Price Per SF
$243.51 CAD
Cap Rate
8.13%
NOI
$316,764 CAD
Percent Leased
62%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
1.25 AC
Zoning
B-1 - Local Shopping District / Conforming
Parking
65 Spaces (4.06 Spaces per 1,000 SF Leased)
Frontage
122’ on Highway 31
AMENITIES
- Corner Lot
- Pylon Sign
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Shares signalized access with Walmart Supercenter.
Shares signalized access with Walmart Supercenter.
2nd generation Hair Salon. Shares signalized access with Walmart Supercenter.
| Space | Size | Space Use | Position | Available |
| 1 | 3,500 SF | Retail | End Cap | Now |
| 4 | 1,600 SF | Retail | In-Line | Now |
| 6 | 1,040 SF | Retail | - | Now |
1
| Size |
| 3,500 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
4
| Size |
| 1,600 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
6
| Size |
| 1,040 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| Now |
1
| Size | 3,500 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Shares signalized access with Walmart Supercenter.
4
| Size | 1,600 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Shares signalized access with Walmart Supercenter.
6
| Size | 1,040 SF |
| Space Use | Retail |
| Position | - |
| Available | Now |
2nd generation Hair Salon. Shares signalized access with Walmart Supercenter.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-02-10-2-003-015.000 | Improvements Assessment | $219,965 CAD |
| Land Assessment | $76,734 CAD | Total Assessment | $296,699 CAD |
PROPERTY TAXES
Parcel Number
15-02-10-2-003-015.000
Land Assessment
$76,734 CAD
Improvements Assessment
$219,965 CAD
Total Assessment
$296,699 CAD
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Shoppers World of Hartselle | 1199 Highway 31 NW
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