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4820 University Dr 800 SF Retail Condo Unit Offered at $209,170 CAD in Huntsville, AL 35816
Investment Highlights
- Heavy Traffic, 24 hours
- Strong and stable tenant in high demand product field
- Great visibility, new buildout
Executive Summary
Mission Square is a retail/office condominium complex located at the northwest corner of University Drive/AKA U.S. Highway 72 and Wynn Drive. This condo complex was constructed in 1986 and consists of two stories, with 38 units total.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment | APN/Parcel ID | 14-09-32-2-000-058.000 |
| Cap Rate | 10.02% |
| Sale Type | Investment |
| Cap Rate | 10.02% |
| APN/Parcel ID | 14-09-32-2-000-058.000 |
Description
The property is a first floor condo unit located at endcap with over 45,000 traffic counts daily. Unit 1 has been combined with Unit 2 (not for sale or part of this offering) under same lease terms and conditions. Both Units 1 and 2 are end cap units facing University Drive, with dual ingress/egress from both University Drive and Wynn Drive.
Sale Notes
Unit 1 of Mission Square Condominium for sale at $150,000. Tenant is operating as Cloudy Dayz, a successful tobacco/vape retail store with two locations in Huntsville/Madison, Alabama.
The lease is in its first year of a five-year term, with two, five-year options for renewal at a 10% increase upon each renewal. Condo dues are $175 per month, with property taxes being $872 for 2025 and 2026. Tenant maintains interior of unit, and condo association maintains exterior of property to include insurance, HVAC, roof, paving, and common areas.
The lease is in its first year of a five-year term, with two, five-year options for renewal at a 10% increase upon each renewal. Condo dues are $175 per month, with property taxes being $872 for 2025 and 2026. Tenant maintains interior of unit, and condo association maintains exterior of property to include insurance, HVAC, roof, paving, and common areas.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit Unit 1 | 800 SF | Retail | $209,170 CAD ($261.46 CAD/SF) | $20,958.88 CAD |
Unit Unit 1
| Unit Size |
| 800 SF |
| Condo Use |
| Retail |
| Price |
| $209,170 CAD ($261.46 CAD/SF) |
| NOI |
| $20,958.88 CAD |
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Unit Unit 1
| Unit Size | 800 SF |
| Condo Use | Retail |
| Price | $209,170 CAD ($261.46 CAD/SF) |
| NOI | $20,958.88 CAD |
| Sale Type | Investment |
| Cap Rate | 10.02% |
| APN/Parcel ID | 14-09-32-2-000-058.000 |
| Description | |
| The property is a first floor condo unit located at endcap with over 45,000 traffic counts daily. Unit 1 has been combined with Unit 2 (not for sale or part of this offering) under same lease terms and conditions. Both Units 1 and 2 are end cap units facing University Drive, with dual ingress/egress from both University Drive and Wynn Drive.</li></ul> | |
| Sale Notes | |
| Unit 1 of Mission Square Condominium for sale at $150,000. Tenant is operating as Cloudy Dayz, a successful tobacco/vape retail store with two locations in Huntsville/Madison, Alabama. <br> <br> The lease is in its first year of a five-year term, with two, five-year options for renewal at a 10% increase upon each renewal. Condo dues are $175 per month, with property taxes being $872 for 2025 and 2026. Tenant maintains interior of unit, and condo association maintains exterior of property to include insurance, HVAC, roof, paving, and common areas.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
Amenities
- 24 Hour Access
- Corner Lot
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Major Tenant Information
| TENANT | SF Occupied | LEASE END DATE |
|---|---|---|
| Cloudy Dayz |
800 SF
|
March 2030
|
Nearby Major Retailers
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
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4820 University Dr
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