Your email has been sent.
The Market Shoppes | Decatur, AL 2407 6th Ave SE 81,045 SF 100% Leased Retail Building Decatur, AL 35601 $9,495,000 ($117.16/SF) 6.85% Cap Rate
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
Property Facts
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease Type
- Lease End
-
- Retailer
- -
- -
- Triple Net
- Jan 2034
Kohl’s is a leading omnichannel retailer dedicated to delivering great products, exceptional value, and a seamless shopping experience. With over 60 years of service to families of all shapes and sizes, Kohl’s is driven by its purpose: to take care of families’ realest moments. Built on a foundation of strong values, Kohl’s associates embody the company’s CARE principles—Customer First, Accountable, Resourceful, and Empathetic—which guide their actions every day. Uniquely positioned to meet the evolving needs of its customers, Kohl’s remains committed to making a meaningful impact in the lives of the families it serves.
| Tenant | Industry | SF Occupied | Rent/SF | Lease Type | Lease End | |
|
|
Retailer | - | - | Triple Net | Jan 2034 |
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Previously an ULTA Beauty available.
| Space | Size | Space Use | Position | Available |
| 1st Floor | 4,000 SF | Retail | End Cap | Now |
1st Floor
| Size |
| 4,000 SF |
| Space Use |
| Retail |
| Position |
| End Cap |
| Available |
| Now |
1st Floor
| Size | 4,000 SF |
| Space Use | Retail |
| Position | End Cap |
| Available | Now |
Previously an ULTA Beauty available.
Nearby Major Retailers
Property Taxes
| Parcel Number | 03-09-32-3-001-014.000 | Improvements Assessment | $535,640 |
| Land Assessment | $337,800 | Total Assessment | $873,440 |
Property Taxes
Presented by
The Market Shoppes | Decatur, AL | 2407 6th Ave SE
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.