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2407 6th Ave SE
Decatur, AL 35601

$9,495,000 USD

General Retail For Sale  •  74,995 SF

Property Details

  • Property Type General Retail
  • Total Building Size 81,045 SF
  • Lot Size 9.81 AC
  • Building Class B
  • Year Built 2012
  • Cap Rate 6.85 %
  • Tenancy Multiple
  • Zoning B-2
40 Walk Score

Highlights

100% Occupied Stabilized Retail Center with Significant Long-Term Upside; Low Rents; 2012 Construction
The market rent for this space is $12 to $14 PSF based on recent junior box comps at the intersection
Kohl’s (NYSE: KSS) has a 13+ year operating history and a health ratio of under 4%
Kohl’s self manages and maintains their parcel making the property more passive than a traditional center of this size
Three separate parcels/APNs for future arbitrage in selling multi-tenant properties separately and holding the Kohl’s at a very low basis
Nearly all of the multi-tenant pad tenants are paying "right-sized," replaceable rents, supported by an ideal tenant mix (66% national tenants)
Cap Rate: 6.85 %

Major Tenants

Tenant SF Occupied Lease End Date
Kohl's 1/31/2034

Public Transportation

AirportDriveWalkDistance
Huntsville International-Carl T Jones Field 30 min - 18.7 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 447
Type: Surface
Included in Rent: Yes
Jeff Lefko 844-585-7682 Hanley Investment Group
Jeff Lefko 844-585-7682 Hanley Investment Group