Magna Carta Place
11310 Memorial Parkway SW | Huntsville, AL 35803
Strong Tenant Lineup
Healthy tenant lineup of internet-resistant retailers including Results Physiotherapy, T-Mobile, 1st Franklin Financial, Marco’s Pizza, and many others. The center features a healthy mix of 100% e-commerce resistant tenants.
Best-In-Class Trade Area
Magna Carta Place is in a booming submarket of Huntsville. The center is located near a Walmart Supercenter, and immediately south of The Market at Hays Farm, a new 150,000-square-foot Publix development. Other nearby retailers include Lowe’s, Sam’s Club, Home Depot, Aldi, Chick-fil-A, Planet Fitness, and many others. The property is located less than two miles from Grissom High School, which has an enrollment of approximately 2,000 students.
The subject property benefits from its outstanding demographic profile. With an average household income of $100,000 +/- within a one-mile radius, positive population growth, and a dense consumer base, the subject property is in a high barriers-to-entry submarket. Magna Carta Place also benefits from its high traffic counts of over 44,000 VPD.
Huntsville, AL Voted ‘Best Place to Live in the U.S.’
Huntsville has become one of the fastest-growing markets in the United States. In 2022, the “Rocket City” was named the No. 1 best place to live in the U.S., according to U.S. News & World Report. In 2019, Toyota opened a $1.6 billion, 1.3 million-square-foot manufacturing facility which will create a total spinoff effect of 16,000 jobs. Huntsville recently surpassed Birmingham as the largest city in the state. Huntsville is seeing rapid development, with the creation of more than 20,000 jobs projected within the next five years. projected within the next five years.
Huntsville is Alabama’s fastest-growing city (U.S. Census Bureau). The population growth is a testament to the city’s quality of life, as well as its plentiful educational, recreational, and cultural opportunities.