Ashley Furniture Home Store
3020 Memorial Parkway SW
Huntsville, AL 35801
| Price: |
$8,342,927 |
| CAP Rate: |
8.15% |
| Building Size: |
54,533 SF |
| Approx Lot Size: |
54533.00 Acre(s) |
| Year Built: |
1987 |
Net Lease
Investment: |
Yes |
| Existing Debt: |
No |
| Property On Ground Lease: |
No |
| 1031 Exchanges Acceptable: |
Yes |
Property Features- Lease Type: Net, Net, Net Lease. No Landlord responsibilities.
- Lease Term: Twenty (20) years
- Lease Commencement: June, 2005
- Lease Renewal Options: Four (4) Five (5) year options
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For more information contact:
Keith Sturm
(612) 332-6600
Upland Real Estate Group, Inc.
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Property Description
Huntsville, Alabama is one of the most recognized cities in the Southeast — consistently named as one of the best places to live and work by a variety of national publications. The city is regularly named as a premier location for both business and quality of life. Technology, space, and defense industries have a major presence here with the Army's Redstone Arsenal, NASA's Marshall Space Flight Center, and Cummings Research Park. Home to several Fortune 500 companies, Huntsville also offers a broad base of manufacturing, retail and service industries. The quality of life is second to none — with a variety of educational, recreational, and cultural opportunities.
Retailers in the immediate area include: Lowe's, Wal-Mart, Dillard's, Belk, Dollar General, CVS Pharmacy, IHOP, Subway, Denny's, Cracker Barrel, McDonald's and Applebee's.
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