Overview

Description

SRS Real National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in The Shops of Scottsboro, a 100% occupied, grocery anchored center located in Scottsboro, Alabama (Huntsville MSA). The center consists of a diverse, ecommerce resistant lineup made up of 96% corporate tenants encompassing retail, service, and restaurant businesses, creating a stabilized income stream for a future investor. A majority of the tenants operate under leases which are NNN in nature, minimizing expense leakage for a future investor. Publix constitutes over 56% of the gross leaseable area and accounts for 59% of the rental income. The site features brand new construction with a state-of-the-art design and amenities.

The Shops of Scottsboro is located at the signalized, hard corner intersection of John T. Reid Parkway and State Highway 35, which supports over 51,000 vehicles per day. A second signalized intersection is located on the service drive (adjacent enterance). The asset is ideally positioned across from Scottsboro Marketplace, a Walmart shadow anchored center that’s home to Ashley Furniture, Hibbett Sports, and more. Other nearby national/credit tenants include Walmart Supercenter, Home Depot, Tractor Supply, CVS, Family Dollar, and more. Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site. The site benefits from excellent visibility via a large pylon sign that’s visible from John T. Reid Parkway (30,200 VPD), the major retail thoroughfare serving the area. The 25-mile subject trade area is supported by more than 127,000 residents and 37,000 daytime employees who earn an average household income of more than $79,000.

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