The Crossings of Decatur Outparcels — Sale in Decatur, AL

  • Price: Contact for price
  • Listing type: For sale
  • Asset type: Retail Business
  • Location: Decatur, AL 35601
  • Year built: 2010

Photos

The Crossings of Decatur Outparcels — Sale in Decatur, AL, photo 1 of 3
The Crossings of Decatur Outparcels — Sale in Decatur, AL, photo 2 of 3
The Crossings of Decatur Outparcels — Sale in Decatur, AL, photo 3 of 3

Investment Figures

Cap rate
6.00%

Derived from the asking price and operating figures published for this listing. Informational only — not an appraisal, valuation or financial advice. Verify independently before relying on any figure.

Description

Marcus & Millichap is pleased to present for sale The Crossings of Decatur Outparcels, located in Decatur, Alabama. Investment Highlights: • Three Single-Tenant, Net-Leased Assets Leased to LongHorn Steakhouse, Regions Bank and AT&T | Diversified Income Stream Across Three Nationally Recognized Tenants • Significantly Below-Market In-Place Rents — LongHorn at $18.35 per Square Foot and Regions at $29.02 per Square Foot | Enhances Rent Coverage and Offers Mark-to-Market Upside • Two of Three Buildings/Tenants (75 Percent of Gross Leasable Area) on Absolute Triple-Net Ground Leases with Zero Landlord Roof/Structure Obligations • Drastically Below-Market Longhorn Rent of $104,000 ($18.35 per Square Foot); Market Rents 75 Percent - 100 Percent Higher • Regions Branch Reports $228 Million in Deposits | Largest Deposits for Non Headquarter or CBD Located Branch in the County • Minimal Landlord Obligations | LongHorn and Regions Self-Maintain Their Respective Parcels; AT&T Parcel Maintained by Target Owner • Strategically Positioned Among the Outparcel Pads at The Crossings of Decatur | Shadow-Anchored by Target

Market Context

This retail in Decatur, AL is listed for sale. It is offered at an approximate 6.0% capitalization rate, a key benchmark for income-producing retail assets. The building dates to 2010. Compare it against other retail listings for sale in Decatur, AL — view the full market.

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