Log In/Sign Up
Your email has been sent.
2407 6th Ave SE
Decatur, AL 35601
The Market Shoppes | Decatur, AL · Retail Property For Sale
Investment Highlights
- 100% Occupied Stabilized Retail Center with Significant Long-Term Upside; Low Rents; 2012 Construction
- Kohl’s (NYSE: KSS) has a 13+ year operating history and a health ratio of under 4%
- Three separate parcels/APNs for future arbitrage in selling multi-tenant properties separately and holding the Kohl’s at a very low basis
- The market rent for this space is $12 to $14 PSF based on recent junior box comps at the intersection
- Kohl’s self manages and maintains their parcel making the property more passive than a traditional center of this size
- Nearly all of the multi-tenant pad tenants are paying "right-sized," replaceable rents, supported by an ideal tenant mix (66% national tenants)
Executive Summary
100% Kohl’s Anchored Shopping Center | High-Traffic Location | Dense Retail Corridor
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
81,045 SF
Building Class
B
Year Built
2012
Price
$13,449,762 CAD
Price Per SF
$165.95 CAD
Cap Rate
6.85%
NOI
$921,309 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.19
Lot Size
9.81 AC
Zoning
B-2 - `General Business
Parking
447 Spaces (5.52 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 03-09-32-3-001-014.000 | Improvements Assessment | $758,739 CAD |
| Land Assessment | $478,497 CAD | Total Assessment | $1,237,236 CAD |
Property Taxes
Parcel Number
03-09-32-3-001-014.000
Land Assessment
$478,497 CAD
Improvements Assessment
$758,739 CAD
Total Assessment
$1,237,236 CAD
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
