The Market Shoppes

PROPERTY OVERVIEW

• 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 (NYSE: KSS) holds an investment grade credit rating (S&P: BBB+) and is the 4th largest department store chain in the country;
  • ULTA Beauty (NASDAQ: ULTA) – a 715 store cosmetics chain with same-store sales on track for close to a 10% year over year increase.
  • Mattress Firm (NASDAQ: MFRM) – the largest US bedding retailer with over 1,600 locations.
• New Long-term Leases in place: 86% of the center’s square footage expires in 2024 and 2032.
• 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.