For Sale: Slim Chickens | Madison, AL

Colliers is pleased to offer qualified investors the opportunity to acquire a recently constructed NNN Slim Chickens in a best-in-class location in Madison, AL (Huntsville). The asset was developed in 2021 and features a 15-year lease, which commenced in January 2022. Investors will benefit from rare 1.5% annual escalations in the primary term and throughout option periods. The subject property is a part of Clift Farm, a picturesque, mixed-use community built on the success of the century-old Clift Family Farm. The development is recognized nationally and has created this stretch to be one of the most dominant submarkets in Alabama. There are 1,735 residential units, 400,000 SF of retail, and 350,000 SF of office space as part of the development.

The subject property benefits from a best-in-class trade area. In addition to being an out-parcel to a newly constructed Publix-anchored center and the Clift Farm mixed-use development, the demographic profile is outstanding. The average household income within a 1-mile radius is $152,781, and a dense population of 118,000± within a 5-mile radius. With over 34,360 VPD, the asset benefits from a robust and busy submarket. Furthermore, directly across from the asset is The Shoppes of Madison, a Target-anchored center. Adjacent to this center is Madison Hospital, a 100± bed medical care facility. Other immediate area retailers include Walmart, Tractor Supply, Home Depot, Planet Fitness, Ross, Floor and Décor, Lowe’s and many others.

Madison is an affluent suburb of Huntsville, one of the fastest-growing cities in the United States. In 2022, Huntsville was ranked the No. 1 ‘Best Place to Live’ by U.S. News & World Report. Approximately 35,000 jobs have been added in Huntsville over the past seven years. Additionally, Huntsville recently surpassed Birmingham to claim the title of the largest city in Alabama.