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Miscellaneous

Select Spirits

5684 US-431, Brownsboro, AL 35741

Listing Price: $1,000,000

Cap Rate
6.55%
Tenant Name
State of Alabama
Years Remaining On Lease
2.7
Gross SF
4,000
Guarantor
United States Government
Rentable SF
4,000
Price/Gross SF
$250.00
Lease Type
Gross Lease
Rent Per Square Feet
$16.38

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant modified gross leased liquor store located at 5584 Highway 431 Brownsboro, Alabama, part of the Huntsville, AL MSA. The property consists of a 0.95-acre parcel improved with a 4,000-square foot building. The tenant is the State of Alabama which is authorized to operate as a liquor/package store. The property has convenient access to Highway 431 which is a direct commute to Huntsville.

The property is strategically located along the main retail corridor of Brownsboro. This area experiences daily traffic counts in excess of 30,160 vehicles per day. Other notable tenants in the trade area include Domino’s Pizza, Shell Gas Station, A1 Secure Storage and Flint River Family Medicine to name a few. Household population is approximately 64,124 within a 5-mile radius of the property and average income of $125,505 in the same region. Award-winning golf courses are located in the immediate area including The Ledges and Hampton Grove, part of the Robert Trent Jones Golf Trail.

Investment Highlights

  • Huntsville, AL MSA
  • Long-term Retail Tenant
  • 30,160 Vehicles Per Day

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Miscellaneous

Select Spirits

Listing Price: $1,000,000

Cap Rate
6.55%
Tenant Name
State of Alabama
Years Remaining On Lease
2.7
Gross SF
4,000
Guarantor
United States Government
Rentable SF
4,000
Price/Gross SF
$250.00
Lease Type
Gross Lease
Rent Per Square Feet
$16.38

Investment Highlights

  • Huntsville, AL MSA
  • Long-term Retail Tenant
  • 30,160 Vehicles Per Day

Investment Overview

Marcus & Millichap is pleased to present for sale this single-tenant modified gross leased liquor store located at 5584 Highway 431 Brownsboro, Alabama, part of the Huntsville, AL MSA. The property consists of a 0.95-acre parcel improved with a 4,000-square foot building. The tenant is the State of Alabama which is authorized to operate as a liquor/package store. The property has convenient access to Highway 431 which is a direct commute to Huntsville. The property is strategically located along the main retail corridor of Brownsboro. This area experiences daily traffic counts in excess of 30,160 vehicles per day. Other notable tenants in the trade area include Domino’s Pizza, Shell Gas Station, A1 Secure Storage and Flint River Family Medicine to name a few. Household population is approximately 64,124 within a 5-mile radius of the property and average income of $125,505 in the same region. Award-winning golf courses are located in the immediate area including The Ledges and Hampton Grove, part of the Robert Trent Jones Golf Trail.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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