Core power center asset in a growing sunbelt market
Very favorable CMBS debt to be assumed: advantageous leverage is already in-place; $6,400,000± @ 3.95% until 2023.
Excellent tenant line-up, including strong, publicly-traded national chain anchors (Kohl's, ULTA Beauty, Mattress Firm)
New long-term leases in place: 86% of the center’s square footage expires in 2024 and 2032. Anchor tenant Kohl’s on a long-term ground lease.
Strong location: High-visibility, high traffic site with several access points at a major retail node. Class A retail position in Decatur; 30,686± cars per day pass the site on 6th Ave/Hwy 31.
Decatur is a growing, economically healthy market: The Decatur/Huntsville region is home to the most engineers per capita in the nation. Decatur boasts employers such as General Electric, Decatur General Hospital, 3M, Wayne Farms Fresh, United Launch Alliance and Nucor.
2407 6th Avenue | Decatur, AL 35601
Square Footage: ± 81,045
Year Built: 2012
Acreage: ± 10