November 7, 2024 – Zach Smith of Horvath & Tremblay has successfully completed the sale of a Strickland Brothers in Madison, Alabama. Horvath & Tremblay represented the buyer to complete the transaction at a sale price of $2,080,271
Strickland Brothers is located at 110 Field View Lane in Maidson, Alabama. Strickland Brothers occupies a 1,663 square foot building positioned on a 0.87-acre parcel of land. Strickland has occupied this build to suit location since 2023 and has 13+ years remaining on their Absolute NNN Ground Lease with four (4), 5-year renewal options. The lease calls for attractive 10% rent increases every five years throughout the primary lease term and at the start of each renewal option. Strickland Brothers is strategically located at the center of a new development that will feature four additional pad sites (including Walgreens) and an office and retail center. The Property is adjacent to the signalized intersection of County Line Road and Huntsville Brownsferry Road, the area’s primary commercial and commuter corridors. Strickland Brothers is surrounded by densely populated new residential neighborhoods and area schools that provide a built-in customer base. Additionally, the Property is 1.5-miles from US Highway 72. Madison is in north central Alabama approximately 13 miles west of Huntsville.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.