Huntsville, AL - VIPCare

Description:

• The tenant recently signed a brand new 10 year lease with 2 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 10% rental increases every 5 years throughout the initial term and at the beginning of each option period
• VIPcare has been serving the Medicare and Medicare Advantage community since 2006 and currently operates over 70 locations

• VIPcare is strategically located off of University Drive, an arterial thoroughfare that serves over 47,000 vehicles per day
• The asset is ideally positioned between Huntsville Hospital (914 beds) and The University of Alabama in Huntsville (7,569 students), providing a direct consumer base from which to draw
• Nearby national/credit tenants include Costco, Sam’s Club, Home Depot, Whole Foods, Aldi, At Home, Office Depot, Walgreens, and more
• Strong tenant synergy increase consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site
• More than 126,000 residents and 161,000 employees support the trade area
• $73,000 average household income