1217 Point Mallard Pky - Retail FOR SALE
Decatur, AL 35601 |
$6,550,000 USD
216-264-2000
1217 Point Mallard Pky
Decatur, AL 35601
HIGHLIGHTS
- Three Single-Tenant, Net-Leased Assets Leased to LongHorn Steakhouse, Regions Bank & AT&T
- Significantly Below-Market In-Place Rents — LongHorn at $18.35/ SF and Regions at $29.02/SF | Enhances Rent Coverage and Offers Mark-to-Market Upside
- 57,294 Cars/Day at Signalized Intersection of US-31 & RT-67
- 14,010 Total SF Across Three Buildings | Constructed between 2008-2010 on Over 3 Acres
- 2 of 3 Buildings/Tenants (75% of GLA) on Absolute-NNN Ground Leases with Zero Landlord Roof/Structure Obligations
- 4 Miles Down RT-67 to I-65 Exit Ramps (Primary Highway thru Region; 887 Miles Long from Chicago to Gulf of Mexico)
FOR SALE DETAILS
PRICE
$6,550,000 USD
PRICE/SF
$752 USD /SF
CAP RATE
6%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
3 NNN Outparcels : AT&T, Regions & Longhorn
PROPERTY TYPE
Retail
ADD'L SUBTYPES
Bank, Freestanding, Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
3.08 AC
LAND SF
134,165 SF
ZONING
-
APN/PARCEL ID
03-09-32-4-002-003.001
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216-264-2000
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216-264-2000
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