Overview

Description

Decatur Commons is grocery anchored shopping center located approximately 30 miles from Huntsville, and ranks in the 79th percentile in terms of annual visits for “Neighborhood Centers” within the state of Alabama.

Highlights

• Decatur Commons is approximately 89.29% leased and features daily needs retailers including Publix, Harbor Freight Tools, Beall’s Outlet, Rent-A-Center, T-Mobile, and Bank Independent (NAP)
• Publix has been at this location for 20 years, recently exercised its first of six options, and has a very healthy rent-to-sales ratio (contact broker for details)
• Wing Stop recently signed a new 10-year lease with two 5-year options, and built-in rental escalations
• The subject property is located along Beltline Road SW, which is a primary thoroughfare that funnels through Decatur’s main retail node
• Healthy parking ratio of approximately 5.63 per 1,000 square feet
• There are five points of ingress and egress, allowing for ease of access in and out of the center

Documents

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