2407 6th Ave SE - Retail FOR SALE
Decatur, AL 35601 |
$9,495,000 USD
844-585-7682
2407 6th Ave SE
Decatur, AL 35601
HIGHLIGHTS
- 100% Occupied Stabilized Retail Center with Significant Long-Term Upside; Low Rents; 2012 Construction
- The market rent for this space is $12 to $14 PSF based on recent junior box comps at the intersection
- Kohl’s (NYSE: KSS) has a 13+ year operating history and a health ratio of under 4%
- Kohl’s self manages and maintains their parcel making the property more passive than a traditional center of this size
- Three separate parcels/APNs for future arbitrage in selling multi-tenant properties separately and holding the Kohl’s at a very low basis
- Nearly all of the multi-tenant pad tenants are paying "right-sized," replaceable rents, supported by an ideal tenant mix (66% national tenants)
FOR SALE DETAILS
PRICE
$9,495,000 USD
PRICE/SF
$127 USD /SF
CAP RATE
6.85%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
The Market Shoppes | Decatur, AL
PROPERTY TYPE
Retail
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2012
SPRINKLERS
-
PARKING SPACES
447
LAND DETAILS
LAND ACRES
9.81 AC
LAND SF
427,324 SF
ZONING
B-2
APN/PARCEL ID
03-09-32-3-001-014.000
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844-585-7682
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844-585-7682
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