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Shopping Strip

Decatur Mall Shops

1821 Beltline Rd SW, Decatur, AL 35601

Listing Price: $4,550,000

Cap Rate
6.49%
Gross SF
8,061
Rentable SF
8,061
Price/Gross SF
$564.45
Lot Size
0.94 acres
Year Built
2017

Investment Overview

Marcus & Millichap is pleased to present for sale an 8,061-SF retail strip located in Decatur, Alabama. The subject property is an outparcel to Decatur Mall, an enclosed shopping mall more than 575,000-SF with anchor tenants including Belk and AMC Theatres. The Decatur Mall is the only mall in the Decatur MSA which draws from a regional trade area. Additional mall outparcels include Chick-fil-A, Taco Bell, Popeyes, and River Oaks Family Medicine. The subject property is a three-tenant retail strip constructed in 2017 and is fully occupied by three notable tenants, Aspen Dental, ATI Physical Therapy, and Chicken Salad Chick. The property is located at the signalized intersection of Beltline Road (29,626 VPD) and Carridale Street and has excellent visibility. Decatur Morgan Hospital Parkway Campus (120 Beds) is less than 0.5 miles from the subject property. Additional major points of interest in the immediate area include Army National Guard, Publix, Lowe’s Home Improvement, Aldi, Walmart, The Home Depot, McDonald’s, Walgreens, Hardees, Burger King, Krispy Kreme, and more.

Investment Highlights

  • Decatur Mall Shops | 2017 Construction | 100% Percent Leased
  • Medical and Retail Asset | Aspen Dental, ATI Physical Therapy, Chicken Salad Chick
  • Three Nationally Recognized Tenants | 68% Corporate Medical Tenants
  • Attractive NNN Leases with Rent Increases
  • Signalized Intersection (29,626 VPD) | Highly Visible Outparcel
  • Adjacent to 575,000-SF Decatur Mall | Only Mall in the Decatur MSA
  • Nearby Retailers: Chick-fil-A, Taco Bell, Popeyes, McDonald's, Walgreens, Lowe's Home Improvement, Publix, and More
  • Adjacent to Decatur Morgan Hospital Parkway Campus (120 Beds)

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Listing Price: $4,550,000

Cap Rate
6.49%
Gross SF
8,061
Rentable SF
8,061
Price/Gross SF
$564.45
Lot Size
0.94 acres
Year Built
2017

Investment Highlights

  • Decatur Mall Shops | 2017 Construction | 100% Percent Leased
  • Medical and Retail Asset | Aspen Dental, ATI Physical Therapy, Chicken Salad Chick
  • Three Nationally Recognized Tenants | 68% Corporate Medical Tenants
  • Attractive NNN Leases with Rent Increases
  • Signalized Intersection (29,626 VPD) | Highly Visible Outparcel
  • Adjacent to 575,000-SF Decatur Mall | Only Mall in the Decatur MSA
  • Nearby Retailers: Chick-fil-A, Taco Bell, Popeyes, McDonald's, Walgreens, Lowe's Home Improvement, Publix, and More
  • Adjacent to Decatur Morgan Hospital Parkway Campus (120 Beds)

Investment Overview

Marcus & Millichap is pleased to present for sale an 8,061-SF retail strip located in Decatur, Alabama. The subject property is an outparcel to Decatur Mall, an enclosed shopping mall more than 575,000-SF with anchor tenants including Belk and AMC Theatres. The Decatur Mall is the only mall in the Decatur MSA which draws from a regional trade area. Additional mall outparcels include Chick-fil-A, Taco Bell, Popeyes, and River Oaks Family Medicine. The subject property is a three-tenant retail strip constructed in 2017 and is fully occupied by three notable tenants, Aspen Dental, ATI Physical Therapy, and Chicken Salad Chick. The property is located at the signalized intersection of Beltline Road (29,626 VPD) and Carridale Street and has excellent visibility. Decatur Morgan Hospital Parkway Campus (120 Beds) is less than 0.5 miles from the subject property. Additional major points of interest in the immediate area include Army National Guard, Publix, Lowe’s Home Improvement, Aldi, Walmart, The Home Depot, McDonald’s, Walgreens, Hardees, Burger King, Krispy Kreme, and more.

Broker of Record

  • Eddie Greenhalgh

    First Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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