CVS - Hoover, AL
2301 John Hawkins Pkwy, Birmingham, AL, 35226, US
PLN 18,656,000 | 1,079 m²
Asset Description
JLL offers a single-tenant Jim 'N Nick's property for sale in Huntsville, AL, a high-growth market with 22% population growth in the past decade. This corner property enjoys exposure to 44,000 vehicles daily and sits adjacent to Valley Bend Shopping Mall. The established tenant (40+ years in business with 55+ locations) has signed a 16-year lease with 12.5% rent escalations every five years. Located just five miles from downtown, the property benefits from proximity to major retailers, medical facilities, universities, and the Blue at Valley Bend mixed-use development. It's also near Redstone Arsenal, a massive federal campus housing NASA's Marshall Space Flight Center and 72+ agencies, which generates over 104,500 jobs and $22+ billion in annual economic impact for the region.
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Attributes
Building area net
822 m²
WAULT
16 years
Year built
2025
Cap rate
5.75%
NOI
PLN 900,000
Rent PSF
PLN 101.60
Media
Investment Highlights
- New Development (2025 Ground-Up Construction)
- Rare 16-year primary term with 12.5% escalations every five years
- Sun Belt growth hub (22% population increase since 2010 in 1-mile radius)
- Proximity to Redstone Arsenal: Army base with 75+ agencies, 700+ soldiers, 50,000+ civilians/contractors
- $168k average household income within a 1-mile radius
- Heavily trafficked consumer corridor (Valley Bend Shopping Mall with 6M+ annual shoppers)
- 47 Fortune 500 Companies have a presence in Huntsville, AL
Contact brokers
Jim 'N Nick's - Huntsville, AL (0 Properties)
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Last updated
29 May 2025
