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1221 Memorial Pky NW
Huntsville, AL 35801
Five Guys · Retail Property For Sale
Investment Highlights
- Property is located on one of the city’s most highly trafficked roads (Memorial Parkway) with an estimated daily traffic count of more than 64,500.
- Growing residential communities nearby create built-in customer base
- Surrounded by national retailers, restaurants, and service businesses
Executive Summary
Located directly in front of Huntsville’s only Costco, 1221 N Memorial Parkway is a high-visibility shopping center along one of Huntsville’s busiest corridors. Built in 2012, the center is home to its original tenants, Five Guys and Dunkin’ Donuts, benefiting from strong daily traffic, excellent street exposure on Memorial Parkway, and convenient access to downtown Huntsville and surrounding areas making it an ideal location for complementary retail users.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
5,116 SF
Building Class
B
Year Built
1962
Price
$3,827,740 CAD
Price Per SF
$748.19 CAD
Cap Rate
6.36%
NOI
$243,335 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.11
Lot Size
1.10 AC
Zoning
None
Parking
40 Spaces (7.82 Spaces per 1,000 SF Leased)
Frontage
207’ on Memorial Parkway
Amenities
- Courtyard
- Restaurant
- Drive Thru
- Air Conditioning
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Matterport 3D Exterior
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Street
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