1079 BCH RD SUITE E Madison AL 35758

Madison Corners is a trophy, un-anchored strip center located within the affluent Madison submarket of Huntsville, Alabama. Situated directly across from the new mixed-used, Publix-anchored Clift Farm development, this tremendous asset features 14,400 square feet of retail space. Furthermore, Madison Corners is strategically placed adjacent to Madison Hospital, a 100-bed facility that is a part of the Huntsville Hospital System and has approximately 13,000 employees.

The subject property was developed in 2012 and has an outstanding tenant line-up. With a healthy mix of medical, restaurant, and service-oriented tenants, Madison Corners is comprised of necessity-based retailers. Headlined by Tropical Smoothie, Firehouse Subs, and Talbert Family Dentistry, the center features a best-in-class tenant roster. With an average rent of approximately $24 per square foot, we believe the rents to be below market with strong upside potential. Furthermore, many tenants have rental escalations, delivering a healthy projected CAGR to investors.

Madison Corners benefits from its outstanding fundamentals; the average household income within a 1-mile radius of the property is $135,090. More than 100,000 people currently reside within a 5-mile radius, and that number is projected to grow rapidly over the coming years. With an average traffic count of over 40,000 VPD on U.S. Highway 72, Madison Corners is perfectly positioned in a dense trade area. Directly across the street from the property, 324 Class A apartment units were developed in 2021 and sold the same year for an aggressive sales price. Additionally, across Highway 72 is a Walmart Supercenter. Clift Farm, a 500+ acre mixed-use development with 400,000 square feet of retail and 1,700 residential units, is also located across from the subject property.

Huntsville is one of the fastest-growing cities in the United States. In 2022, Huntsville was ranked the No. 1 ‘Best Place to Live’ by U.S. News & World Report. Approximately 35,000 jobs have been added in Huntsville over the past seven years. Additionally, Huntsville recently surpassed Birmingham to claim the title of the largest city in the state of Alabama.

Strong Tenant Lineup

Healthy tenant lineup of internet-resistant retailers including Tropical Smoothie, Firehouse Subs, Stretch Zone, and Talbert Family Dentistry.

Best-In-Class Trade Area

Madison Corners is located directly across from Clift Farm, a new 500-acre mixed-use development with 400,000 square feet of retail headlined by Publix, more than 1,700 residential units, and 350k square feet of office space. Furthermore, the subject property is adjacent to Madison Hospital (100 ± beds) and proximate to a Walmart Supercenter.

Affluent Demographics

The subject property benefits from its outstanding demographic profile. With the average household income exceeding $135,000 within a one-mile radius, positive population growth, and a dense consumer base, the subject property is located in a submarket with high barriers to entry.

Huntsville, AL Voted ‘Best Place to Live in the U.S.’ (2022-23)

Huntsville has become one of the fastest-growing markets in the United States. In 2022, the “Rocket City” was named the No. 1 best place to live in the U.S., according to U.S. News & World Report. In 2019, Toyota opened a $1.6 billion, 1.3 million-square-foot manufacturing facility which will create a total spinoff effect of 16,000 jobs. Huntsville recently surpassed Birmingham as the largest city in the state. Huntsville is seeing rapid development, with the creation of more than 20,000 jobs projected within the next five years.

Residential Growth

Huntsville is Alabama’s fastest-growing city (U.S. Census Bureau). The population growth is a testament to the city’s quality of life, as well as its plentiful educational, recreational, and cultural opportunities.