Listed by Capstone Realty
$1,800,000
2419 and 2501 Oakwood Ave NW
Details
APN 160231; 14-07-26-3-002-058.000; 637917
Property Type Retail
Sub Type Shopping Center, Retail Center
Square Footage 19,683
Cap Rate 8.40%
NOI $151,869
Occupancy 92%
Tenancy Multi
Lease Type NNN
Rent Bumps Yes
Class B
Buildings 1
Stories 1
Acreage 2.200
Zoning C1
Parking Spaces spaces
Investment Type Value Add
Ground Lease No
Retail | 8.40% CAP | 19,683 SqFt
Marketing description
This established neighborhood retail center sits along Oakwood Avenue NW, a well-traveled east-west corridor connecting Memorial Parkway, North Huntsville, and the University Drive trade area. The property benefits from consistent daily activity driven by surrounding residential density, nearby schools, and long-standing local businesses within the center. Its position along this key corridor provides strong visibility, steady traffic patterns, and reliable customer flow, making it an attractive location for a variety of retail and service-oriented tenants.
The surrounding area includes dense residential neighborhoods, schools, churches, and service-oriented businesses, making this an ideal location for retail, service, or food-related tenants seeking strong daytime and evening activity
Prime neighborhood retail space available on Oakwood Avenue NW, anchored by the long standing and highly successful G’s Country Kitchen. This established center benefits from steady daily traffic, strong visibility, and a loyal customer base drawn to one of Huntsville’s most popular local restaurants. The property serves a dense residential population and sits minutes from Memorial Parkway, University Drive, and downtown Huntsville. Ideal for retail, service, boutique fitness, or food concepts seeking a proven location with built in demand.
Investment highlights
- Strong in-place cash flow with good upside potential through lease restructuring and vacancy lease-up.
- Anchored by G's Country Kitchen, a Huntsville institution with a loyal customer base and strong daily traffic (4.6 stars, 1,644+ reviews).
- Established neighborhood center serving North Huntsville and the Oakwood corridor.
- Strong visibility along Oakwood Avenue NW with consistent local traffic.
- Surrounded by dense residential population, schools, and community services.
- Ideal for retail, service, or restaurant users seeking built-in customer flow.
- Ample parking and easy ingress/egress.
- Minutes to Memorial Parkway, University Drive, and downtown Huntsville.
- Current NOI is approximately $151,869, which equates to roughly an 8.4% cap rate
- There is approximately 11,587 SF of space that is either vacant or occupied by month-to-month tenants, creating immediate upside for a new owner
- The property currently has only one true vacancy, and many of the existing rents are significantly below market. Most leases are month-to-month, allowing a buyer to restructure rents almost immediately after acquisition.
- Simply filling the current vacancy at approximately $995/month increases NOI to approximately $164,146, resulting in about a 9.1% cap rate.
- The plaza's average base rental rate is approximately $7.73/SF, well below the Huntsville retail market where asking rents average roughly $18–$20/SF.
- The newer 1,200 SF suites have performed exceptionally well with virtually no turnover. Recently had one vacancy in that product type, and it was successfully re-leased at approximately $14/SF.
Listing Contacts
Listed by Capstone Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$151,869.00
$12,655.75/mo
Valuation Metrics
0
DSCR
8.44%
Cap Rate
8.44%
ROI
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