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Lowe's 1641 Beltline Rd SW 135,440 SF 4-Star Retail Building Decatur, AL 35601 $6,345,036 ($46.85/SF) 4.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Long-Term Commitment: Lowe’s has operated here since 1990, with over three decades of proven performance and commitment to this site.
- National Corporate Credit Tenant: Lowe’s (S&P: BBB+ Stable) is one of the largest and most recognizable home improvement retailers in the U.S.
- Strong Rent Growth & Built-In Upside: Tenant is in its 2nd of six (6) option periods.
- Large Building & Parcel: Substantial real estate footprint with a large-format store and parcel size
- Rare Opportunity – Below-Market Rents in a Thriving Market: This Lowe’s has operated at the site for over 30 years
- Explosive Regional Growth: Decatur benefits from Huntsville’s rapid expansion.
EXECUTIVE SUMMARY
Broker of Record
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
Hutt Cooke
License # 000110253 - 0 (AL)
Matthews Real Estate Investment Services, Inc
1600 West End, Ste. 1500 Nashville, TN 37203
(866) 889-0550
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
135,440 SF
Building Class
A
LoopNet Rating
4 Star
Year Built
1999
Price
$6,345,036
Price Per SF
$46.85
Cap Rate
4.25%
NOI
$269,664
Tenancy
Single
Building Height
1 Story
Building FAR
0.20
Lot Size
15.79 AC
AMENITIES
- Air Conditioning
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-07-36-2-002-013.000 | Improvements Assessment | $1,380,160 |
| Land Assessment | $191,380 | Total Assessment | $1,571,540 |
PROPERTY TAXES
Parcel Number
02-07-36-2-002-013.000
Land Assessment
$191,380
Improvements Assessment
$1,380,160
Total Assessment
$1,571,540
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Lowe's | 1641 Beltline Rd SW
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