Starbucks - Huntsville AL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 2,500 square foot freestanding, recently built single-tenant Starbucks located at 11709 Memorial Parkway SW in Huntsville, AL (“Property” or “Asset”).

The Asset is 100% leased to Starbucks Corporation (“Starbucks” or “Tenant”) with approximately 12.5 years remaining on the primary lease term. Investors have the opportunity for 59bps of additional yield through a contractual, near-term 10% rent increase in July 2026. The Asset features five, five-year renewal options with 10% rent increases in each option period.

Located just over eight miles south of downtown Huntsville, the Property sits near the southeast corner of Memorial Parkway SW and Redstone Road SW in a dense commercial corridor with high traffic counts of 52,000+ vehicles per day and over 60,000 residents within a five-mile radius. The area is highly affluent with average household incomes over $125,000 and 20.7% population growth since 2010 within a five-mile radius.

Huntsville is the largest city in Alabama and was recently ranked in the Top 10 Southeastern cities on the rise. According to U.S. News & World Report, Huntsville is the #2 Best Place to Live in the U.S. and the #1 Best Place to Live in Alabama in 2023.

This unique opportunity allows investors the ability to acquire an infill retail asset located in a fundamentally strong and highly affluent market. The asset offers secure, long-term cash flow backed by an investment grade tenant with global brand name recognition.