5510 Promenade Point Pkwy • Madison, AL 35758

Year Purchased: March 2023
Purchase Amount: $4,900,000.00
Equity: $2,600,000.00

Promenade Point is a 23,067-square foot multi-tenant shopping center located at 5510 Promenade Point Parkway in Madison, AL (part of the Huntsville, AL MSA).

Built in 2013, Promenade Point boasts a strong group of e-commerce-resistant tenants. The current tenant line-up includes a healthy mix of restaurant, retail, health, beauty and service-oriented businesses. Promenade Point is situated in front of a high performing Walmart Supercenter that had 1.7 million visits over the last 12 months. Other nearby anchor retail includes an adjacent newly opened Publix, Target, and Lowe’s Home Improvement.