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Westmeade Plaza 2215 Danville Rd SW 42,042 SF 100% Leased Retail Building Decatur, AL 35601 $2,500,000 ($59.46/SF) 5.80% Cap Rate



INVESTMENT HIGHLIGHTS
- Value-Add Investment Potential – The asset presents notable upside through the lease-up of existing vacancy and the ability to capitalize on accelerat
- Significant Capital Improvements – In 2020, the ±15,952 SF Farmers Home unit underwent a $400,000 renovation, including installation of new HVAC with
- High Visibility and Traffic Counts – Positioned along Danville Road SW, a five-lane arterial connecting to Beltline Road SW (±26,400 VPD) the property
- Turnkey Space Availability – All suites were updated with build-outs upon tenant occupancy, offering new tenants move-in ready spaces. This minimizes
- Additionally, a new roof was installed for the Farmers Home space at a cost of $57,000.
- Strategic Proximity to Schools and Residential Base – Adjacent to a junior high school and near Austin High School, the center sees consistent daily t
EXECUTIVE SUMMARY
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
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
Founded by Sherwin Glass in 1949 as a hometown store in Soperton Georgia, Farmers Home Furniture has since become one of the fastest growing furniture retailers, with over 230 locations throughout the Southeast. Today, Farmers Home Furniture is one of the top 100 furniture companies in the country and one of the largest privately owned companies based in Georgia. Farmers Home Furniture is committed to providing its customers with the best possible service and selection - that’s why it tailors each store to the town, matching product selection to the customers. Each location is committed to providing customers high-quality name brand merchandise along with superior service. By growing its business one customer relationship at a time, Farmers Home Furniture has earned generations of repeat buyers. Farmers Home Furniture wants to keep its customers, and employees, for life so Farmers Home Furniture is there every step of the way.
For more than 65 years, Security Finance has proudly provided easy and safe installment loans to their community members. Thanks to their conveniently located branches, you are able to receive personal service from people you know you can trust. At Security Finance, it’s about being good stewards of their community, helping neighbors in times of need and treating customers with the respect they deserve. Security Finance is licensed to offer traditional personal installment loans, which vary in amount and terms based on the state you are in. Use the locator to determine if there is a branch in your local area, or start your loan inquiry online.
- Simply Delicious Bakery And Eatery
- Manufacturing
- -
- -
- -
- Sky Down Aerial Service LLC
- Professional, Scientific, and Technical Services
- -
- -
- -
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
|
Retailer | - | - | - | ||
|
Finance and Insurance | - | - | - | ||
| Simply Delicious Bakery And Eatery | Manufacturing | - | - | - | ||
| Sky Down Aerial Service LLC | Professional, Scientific, and Technical Services | - | - | - |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-07-36-2-002-004.000 | Improvements Assessment | $168,100 |
| Land Assessment | $67,520 | Total Assessment | $235,620 |
PROPERTY TAXES
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Westmeade Plaza | 2215 Danville Rd SW
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