Department Store

At Home

1401 Memorial Pkwy NW, Huntsville, AL 35816

Listing Price: $5,401,560

Cap Rate
7.50%
Tenant Name
At Home
Years Remaining On Lease
4.6
Gross SF
104,000
Guarantor
Private Guarantee
Rentable SF
104,000
Price/Gross SF
$51.94
Lease Type
Double Net
Rent Per Square Feet
$3.90

Investment Overview

The Taylor Group of Marcus & Millichap is please to present this At Home single tenant net lease asset, with Seller financing offered if needed by the buyer. Originally built as a KMART, the property became an At Home in 2015, at which time the property was substantially renovated.   The property is located on one of the main retail corridors in the fast-growing City of Huntsville and is considered a suburban location about one mile from the Central Business District, though within the city limits of Huntsville.

Investment Highlights

  • Rare, 14.15 +/- AC Commercial Land Site, Situated in the Heart of Huntsville on the North Side of the Downtown Area
  • Lease with Term through September 8, 2025 with built-in rent escalations in September 2025 and 2030 (the 2x5 Year Option Periods)
  • Strategically Located in Huntsville AL, One of the Fastest Growing Areas in the Country, which is Poised to Surpass Birmingham as Alabama's Largest City by 2024

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

Listing Price: $5,401,560

Cap Rate
7.50%
Tenant Name
At Home
Years Remaining On Lease
4.6
Gross SF
104,000
Guarantor
Private Guarantee
Rentable SF
104,000
Price/Gross SF
$51.94
Lease Type
Double Net
Rent Per Square Feet
$3.90

Investment Highlights

  • Rare, 14.15 +/- AC Commercial Land Site, Situated in the Heart of Huntsville on the North Side of the Downtown Area
  • Lease with Term through September 8, 2025 with built-in rent escalations in September 2025 and 2030 (the 2x5 Year Option Periods)
  • Strategically Located in Huntsville AL, One of the Fastest Growing Areas in the Country, which is Poised to Surpass Birmingham as Alabama's Largest City by 2024

Investment Overview

The Taylor Group of Marcus & Millichap is please to present this At Home single tenant net lease asset, with Seller financing offered if needed by the buyer. Originally built as a KMART, the property became an At Home in 2015, at which time the property was substantially renovated.   The property is located on one of the main retail corridors in the fast-growing City of Huntsville and is considered a suburban location about one mile from the Central Business District, though within the city limits of Huntsville.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    License(s): AL: 0000882980

    Alabama

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