Shops at Hampton Cove 322 Sutton Rd SE Local commercial 3 872 m² 97 % Loué À vendre Owens Cross Roads, AL 35763 6 654 233 € (1 718,42 €/m²) Taux de capitalisation 8 %

Franklin Street is pleased to offer Hampton Cove Shops, a 41,904 SF Walmart Shadow Center in the Owens Cross Roads, Alabama. Owens Cross Roads is located within the booming Huntsville MSA just to the east of Huntsville Mountain. Huntsville is one of the fastest growing tech cities in the nation, and much of the growth can be attributed to the growth of the Redstone Arsenal (40,000+ employees) and NASA's Marshall Space Flight Center (7,000+ employees). Hampton Cove Shops is located in a tight leasing market within Owens Cross Roads, as there is very little vacancy in surrounding centers, which presents a significant upside opportunity for investors in leasing the remaining vacant unit. The site comes with a vacant pad in the parking lot that could be developed for up to 4,000 SF. Surrounding projected sales for the adjacent big box retailers are very strong and helps drive customers to the center including Publix, Lowe's, and Walmart. Additional outparcel users generating traffic to the corner include Walgreens, O'Reilly Auto Parts, Anytime Fitness, Sonic, Murphy Oil, Wendy's, Taco Bell, among others. Within the center the tenancy is made up of a strong mixture of regional and national service tenants including Dollar Tree, H&R Block, ALFA Insurance, We Rock the Spectrum Gym, Jefferson's, among others. There is a new proposed medical center directly behind the center and Walmart, that will drive additional traffic to the area and allow the opportunity for support medical tenants in the submarket.