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3016-3020 University Dr 28,034 SF 100% Leased Retail Building Huntsville, AL 35816 $2,929,920 CAD ($104.51 CAD/SF) 7.62% Cap Rate



INVESTMENT HIGHLIGHTS
- Located near Cummings Research Park, the second-largest research park in the U.S., home to over 100,000 high-tech workers.
- 28,000 SF Plaza in the Huntsville, AL MSA
- Huntsville MSA Ranks in the Top 25 Fastest Growing MSAs
- The property is 100% leased
- Ability to Push Rents
- Located near Mid-City development & Orion Amphitheatre
EXECUTIVE SUMMARY
±28,034 SF Shopping Plaza in Huntsville, Alabama. Positioned along a primary commercial corridor in the Huntsville MSA, just east of the rapidly expanding MidCity District, this asset benefits from strong visibility and traffic counts. Huntsville continues to rank among the fastest-growing tech markets in the U.S., supported by major employment drivers including Redstone Arsenal (40,000+ employees), NASA’s Marshall Space Flight Center (7,000+ employees), and the recent addition of U.S. Space Force operations. With limited vacancy in surrounding retail centers, this property presents a compelling value-add opportunity for investors as spaces turn over. The current tenant mix includes regional and local operators such as Metro PCS and a well-established consignment furniture store, offering stable income and potential for repositioning. 7.6% Cap Rate is with January 2026 rents.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
28,034 SF
Building Class
B
Year Built/Renovated
1965/2000
Price
$2,929,920 CAD
Price Per SF
$104.51 CAD
Cap Rate
7.62%
NOI
$223,225 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.68
Lot Size
0.95 AC
Zoning
LI - Light Industrial
Parking
20 Spaces (0.7 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-08-34-1-002-007.000 | Improvements Assessment | $331,529 CAD |
| Land Assessment | $68,236 CAD | Total Assessment | $399,765 CAD |
PROPERTY TAXES
Parcel Number
14-08-34-1-002-007.000
Land Assessment
$68,236 CAD
Improvements Assessment
$331,529 CAD
Total Assessment
$399,765 CAD
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3016-3020 University Dr
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