12275 Highway 231, Meridianville, AL
Deal Type:
Net Lease
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Landlord Responsibilities:
Lease Expiration Date:
Approx. 9.9 years
Renewal Options:
Six, 5-Year
Building Sq. Ft.:
13,225 SF
Rent Increases:
5% per option
Site Size:
1.77 Acres

Investment Highlights

  • Long Term Commitment: Absolute NNN lease structure with 9.9 years remaining and no landlord responsibilities providing passive ownership
  • Location: The property has strong underlying real estate fundamentals and is located on US-431, directly across from Publix and has an ADT of 32,000+ cars
  • Part of the Growing Huntsville Region: Huntsville/Madison has experienced steady population growth over the last decade
  • Demographics: Positioned at a signalized hard corner in a growing market of Huntsville MSA with average household incomes in excess of $109,000 within 3 miles
  • Investment Grade Tenant: The lease is guaranteed by CVS Health Corp. which has a credit rating of BBB/Stable with S&P

Listing Agents

Adam English

Managing Director
256 694 9803
[email protected]

Adam Baxter

Vice President
205 394 3520
[email protected]
Jordan Williams Stream Capital Partners

Jordan Williams

Senior Associate
205 209 5671
[email protected]

Broker of Record: Jonathan Wolfe, Lic. #000116991 – 0

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