Lowe’s | Retail Investment Opportunity
$6,345,036
1641 Beltline Road Southwest, Decatur, AL 35601
For Sale
Retail
Unknown Sub Type
Active
Last Updated: 10/27/2025
4.25
Cap Rate
269,664
NOI
Details:
Cap Rate: 4.25%
NOI: $269,664
Building Size: 135,440 sqft
Lot Area: 15.79 acres
Lease Type: Absolute Net
Year Built: 1990
Highlights:
- Rare Opportunity – Below-Market Rents in a Thriving Market: This Lowe’s has operated at the site for over 30 years and continues to benefit from Decatur’s proximity to Huntsville’s explosive growth. With rents well below their average figures, a proven long-term operating history, and a significant rental bump when the lease expires, this property represents a rare chance to acquire a high-credit tenant at below-market economics in a great market.
- 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. — offering strong, investment-grade credit.
- Long-Term Commitment: Lowe’s has operated here since 1990, with over three decades of proven performance and commitment to this site.
- Large Building & Parcel: Substantial real estate footprint with a large-format store and parcel size, providing long-term intrinsic value and flexibility for any future redevelopment or re-use.
- Strong Rent Growth & Built-In Upside: Tenant is in its 2nd of six (6) option periods. Lease structure provides 6% rent bumps at each option, creating predictable, compounding income growth. Future re-tenanting or renewal at market rent would represent a significant rent increase given today’s below-market lease rate.
- Prime Retail Corridor Location: Situated on Beltline Rd (±27,000 VPD),
- Decatur’s dominant retail artery, directly adjacent to Publix and surrounded by national co-tenants, driving consistent consumer traffic.
- Explosive Regional Growth: Decatur benefits from Huntsville’s rapid expansion. With the U.S. Space Command announcement fueling population and economic growth, this corridor is primed for sustained long-term demand.
- Institutional-Grade Investment: Combines rare tenancy, long-term operating history, rent growth, market momentum, and intrinsic real estate value — making it highly attractive for core, long-term, and 1031 buyers.
Documents:
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| Offering Memorandum |
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Location
Gallery