Starbucks - Hunstville, AL

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee-simple interest in a 2,475 square foot freestanding, new construction single-tenant Starbucks located at Clinton at Parkway Access in Huntsville, AL (“Property” or “Asset”). The Asset is 100% leased to Starbucks Corporation (“Starbucks” or “Tenant”) with approximately 10.0 years remaining on the primary lease term. The Asset features six, five-year renewal options with 10% rent increases in each option period. The Property was delivered in the third quarter of 2024 as a build-to-suit for the Tenant.

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. Located just a mile west of downtown Huntsville, the Property is a rare, highway location that sits right off the Clinton Avenue West exit of Memorial Parkway Southwest in a dense commercial corridor with high traffic counts of 140,400+ vehicles per day and over 124,400 residents within a five-mile radius. Within a one-mile radius, the area has seen an astounding 16.7% population growth since 2020.

Notably, the Property is situated as an outparcel to a mixed-use development featuring the Constellation Apartment Homes, a recently constructed, 219-unit apartment complex, the SpringHill Suites Huntsville Downtown location, a 250,000 SF office building, a bank tenant, and a restaurant tenant. Along the corridor, there is a Costco, Home Depot, Planet Fitness, Krispy Crème, and the Parkway Place Shopping Center that are all ranked in the top percentile for their respective brands, per Placer.ai. The Asset is also proximate to the Front Row, a $375M mixed-use development; the Von Braun Center, a 10,000-seat entertainment hall; Huntsville High School, with over 1,800+ students enrolled; and the Huntsville Hospital, a medical park with over 1,800 beds and over $6 trillion in total patient revenue.

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

Buff Teague

Executive Managing Director

Lic #: AL-83353-0