Westmeade Plaza

Highlights:

• Value-Add Investment Potential – The asset presents notable upside through the lease-up of existing vacancy and the ability to capitalize on accelerating rental rate growth within the improving Decatur submarket.
• Turnkey Space Availability – All suites were updated with build-outs upon tenant occupancy, offering new tenants move-in ready spaces. This minimizes leasing downtime and reduces initial capital outlay for build-to-suit improvements.
• Significant Capital Improvements – In 2020, the ±15,952 SF Farmers Home unit underwent a $400,000 renovation, including installation of new HVAC with remote internet control, upgraded interior finishes (paint, ceiling tile), expanded office space, and comprehensive updates to plumbing, restrooms, and wiring. ○ Additionally, a new roof was installed for the Farmers Home space at a cost of $57,000.
• High Visibility and Traffic Counts – Positioned along Danville Road SW, a five-lane arterial connecting to Beltline Road SW (±26,400 VPD) the property benefits from strong daily exposure.
• Strategic Proximity to Schools and Residential Base – Adjacent to a junior high school and near Austin High School, the center sees consistent daily traffic driven by school activity and the surrounding residential neighborhoods.
• Nearby National Retail Co-Tenancy – National retailers including McDonald’s and Walgreens are located one block away at the Beltline/Danville intersection, with Sonic Drive-In directly adjacent to the subject property, further enhancing consumer draw.
• Complementary Hospitality Presence – The recently renovated Comfort Inn & Suites directly across the street supports steady visitor traffic and synergies with nearby retail.
• Strong Regional Growth Trends – Decatur benefits from its proximity to Huntsville, one of the Southeast’s fastest-growing metropolitan areas. Spillover demand from Huntsville is driving increased commercial activity, supporting long-term value appreciation in Decatur.

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