FOR SALE: Big Springs Village (Huntsville-Decatur-Albertville CSA)

Colliers is pleased to present Big Springs Village, a ±125,100 square-foot, Walmart shadow center located at 11655 US Highway 431, Guntersville, Alabama (Huntsville MSA). The property is situated directly adjacent to a high-volume Walmart Supercenter on one of the most heavily trafficked retail corridors with traffic counts exceeding ±30,000 VPD. The center benefits from a deep lineup of national and regional tenants, including Belk, Dollar General, Cici's Pizza, Shoe Show, Cato, Cricket Wireless, Lendmark Financial, and others, creating a diverse, need-based tenancy that drives consistent daily traffic.

The property presents a compelling value-add investment thesis. Belk recently exercised its option to extend its lease for an additional five (5) years, reaffirming its long-term commitment to this location. Four current vacancies, totaling approximately 11,125 square feet represent a direct opportunity to increase in-place NOI through lease-up. In-place rents across the center are meaningfully below market, providing an investor with substantial embedded upside at each lease rollover. According to Placer.ai data, the adjacent Walmart Supercenter generates approximately 2.3 million visits per year, and Big Springs Village is the third most-visited co-destination for Walmart shoppers, underscoring the extraordinary traffic synergy enjoyed by the subject property.

Guntersville, AL, located 45-minutes from Huntsville, is a fast-growing community headlined by Lake Guntersville, the largest lake in Alabama. Many residents of Huntsville have or are moving to Guntersville to enjoy the lake and recreation that Guntersville offers. Guntersville is growing at a rate of 1.73% annually. Guntersville is experiencing population and job growth, with recent announcements such as a new 540,000 square foot automation-based facility, a Target anchored development in Albertville, and many others.