4820 University Drive Retail Condo
Retail Condo Unit for Sale
Marketing description
Fully leased 800 sq foot retail condo for sale in high traffic area with ample parking. Mission Square is a retail/office condominium complex located at the northwest corner of University Drive/AKA U.S. Highway 72 and Wynn Drive. This condo complex was constructed in 1986 and consists of two stories, with 38 units total.
Unit 1 of Mission Square Condominium, a ground floor unit, is for sale at $150,000. Tenant is operating as Cloudy Dayz, a successful tobacco/vape retail store with two locations in Huntsville/Madison, Alabama.
The lease is in its second year of a five-year term, with two, five-year options for renewal at a 10% increase upon each renewal. Condo dues are $175 per month, with property taxes being $872 for 2026. Tenant maintains interior of unit, and condo association maintains exterior of property to include insurance, HVAC, roof, paving, and common areas.
Investment highlights
Heavy Traffic, 24 hours
Great visibility, new buildout
Strong and stable tenant in high demand product field
24 Hour Access
Corner Lot
Security System
Signage
Signalized Intersection
Tenant Controlled HVAC
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
