11074 North Memorial Parkway, Huntsville, AL 35810 For Sale

ADJACENT TO NEW FOOD CITY AND FUTURE TARGET & HOME DEPOT CENTER

• This Starbucks is positioned adjacent to a new Food City and future Target & Home Depot Center.

• The Target & Home Depot Center will be known as North Village Town Center ($240 million project) and will include over 500,000 square feet of new retail and restaurants. (Click for Article)

• Additional nearby developments include four separate proposed residential communities, a new $28 million Alabama National Guard military training facility, multiple proposed retail developments, and more.

HUNTSVILLE, AL | FASTEST GROWING CITY IN ALABAMA

• Huntsville just ranked number 1 city in the country for quality of life due to top rated schools, parks, and a strong job market (Click to view article)

• Huntsville is the largest city in Alabama and the county seat of Madison County, with direct access to I-565, I-65, and Hwy-431.

• Huntsville is known as the “Rocket City” – home to NASA’s Marshall Space Flight Center and Redstone Arsenal (45,500+ employees).

• Major employers include Boeing, Lockheed Martin, Northrop Grumman, Raytheon, Blue Origin, and Mazda Toyota’s $2.3B plant (300,000 vehicles/yr).

• Huntsville’s metro population exceeds 500,000 and is the fastest-growing city in Alabama, with nearly 20% growth in the past decade.

• This Starbucks is located in a rapidly growing market and is the only freestanding Starbucks in North Huntsville.

LOCATED DIRECTLY OFF AN EXIT OF NEW BYPASS HWY ($53M PROJECT)

• This Starbucks is positioned directly off the new $53 million bypass project, benefiting from a new exit location. This Starbucks is located off the Huntsville Northern Bypass, a direct extension of Hwy 255, which relieves congestion on North Memorial Parkway, one of Huntsville’s busiest corridors.

• The bypass allows for a smoother commute from north Alabama and southern Tennessee, bringing more traffic past the site and increasing daily customer exposure.

• City and state leaders see the bypass as a “game-changer” that will attract new retail, commercial, and mixed-use development along the route.

AFFLUENT MARKET | 3 MI. HHI $104,617 WITH 7.11% GROWTH

Huntsville is the fastest-growing city in Alabama, with a 3 mile average household income of $104,617 and 7.11% growth.

STARBUCKS HAS INVESTMENT GRADE RATING OF “BBB+” | 40,789 LOCATIONS

• Starbucks has an S&P Investment Grade Credit Rating of “BBB+” and is ranked #120 on the Fortune 500 List.

• Starbucks is the world’s premier coffee company with over 40,789 locations and $32.2 billion in annual revenue, ranked #1 in the Food Services Industry by Fortune in 2023.

NEW 10 YEAR STARBUCKS WITH 10% INCREASES IN PRIMARY LEASE TERM

• This new 2,500 SF Starbucks with a drive-thru is adjacent to the entrance of a future Target & Home Depot Center and new Food City on Hwy 431 (38,092 VPD) in North Huntsville, AL.

• Starbucks signed a new 10-Year Corporate Guaranteed NN Lease with 10% rent increases in the initial lease and in each of the six 5-year options.

• The tenant is responsible for Parking Lot Routine Repair & Maintenance (including Sealing, Restriping, & Sweeping), Landscaping, HVAC, Taxes, and Insurance.

• The landlord has limited responsibilities that include Roof, Structure, and Parking Lot repaving & resurfacing.

• There is a 20-year transferable roof warranty in place.