Shops of Scottsboro 24540 John T Reid Pky 77,328 SF 100% Leased 4-Star Retail Building Scottsboro, AL 35768 For Sale

Franklin Street is pleased to offer Shops of Scottsboro, a 77,328 SF Publix and TJMaxx anchored shopping center in Scottsboro, Alabama. Scottsboro is located in northeast Alabama, 40 miles east of Huntsville and 60 miles southwest of Chattanooga. Scottsboro serves as a natural hub that draws customers from surrounding cities and counties, creating an attractive market for retailers. Scottsboro has been ripe for growth in recent years from new-to-market retailers and restaurants to a new $600M Google data center. Shops at Scottsboro was developed in 2022 after years of Publix scouting the market for the perfect site. The location is at the main retail intersection for the community across the street from Walmart & Home Depot, and convenient to other daily traffic generators. The center generates regular trips from towns 25+ miles away and there is not another Publix or TJMaxx location for 30+ miles in any direction, creating a much larger than typical trade area for the center. The property sits elevated allow for outstand visibility at the intersection that gets 50,000+ VPD combined. The small shop tenants all operate under NNN leases, while Publix and TJMaxx pay a fixed CAM/Ins amount that is currently higher than the actual expenses.