Single-Tenant Net-Lease
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For Sale
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1209 Point Mallard Parkway SE, Decatur, AL 35601
Three single-tenant net-leased buildings leased to LongHorn Steakhouse, Regions Bank, and AT&T at a signalized corner.
Property Size14,010 SF
Price / SF$467.52
Days on Market5
Property Features for 1209 Point Mallard Parkway SE
General Information
Standard status
Active
Size
14,010 SF
Property subtype
Retail
Site & Location
Corner Location
Yes
Anchor Co-Tenants
Target
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2008
Buildings
3
Tenancy
Multi
Listing Agency:
Marcus & Millichap - Columbus
Listed By:
Craig Fuller · License #OH 2008001551
Source:
Crexi
Added: Jul 27
Changed: Jul 30
Last Checked: Jul 31 at 10:56AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Marcus & Millichap - Columbus
Investment Insights
Based on property information with market context.
A three-building, single-tenant net-leased offering anchored by a conventional restaurant tenant and diversified with Regions Bank and AT&T. The property totals 14,010 square feet across three buildings constructed between 2008 and 2010 on over 3 acres, providing a tenant-diverse income profile.
The assets are located at a signalized hard-corner intersection of U.S. Highway 31 and Route 67 in Decatur, Alabama, positioned among outparcel pads at The Crossings of Decatur, shadow-anchored by Target. The immediate trade area benefits from approximately 1 million annual visits to Target.
Two of the three buildings/tenants (75% of GLA) are on Absolute-NNN ground leases with zero landlord roof/structure obligations, keeping landlord responsibility limited while maintaining net-leased operations.
The assets are located at a signalized hard-corner intersection of U.S. Highway 31 and Route 67 in Decatur, Alabama, positioned among outparcel pads at The Crossings of Decatur, shadow-anchored by Target. The immediate trade area benefits from approximately 1 million annual visits to Target.
Two of the three buildings/tenants (75% of GLA) are on Absolute-NNN ground leases with zero landlord roof/structure obligations, keeping landlord responsibility limited while maintaining net-leased operations.
Key Highlights
- 14,010 SF total across three single‑tenant net‑leased buildings
- Over 3 acres at a signalized hard‑corner intersection of U.S. Highway 31 and Route 67
- Leased to LongHorn Steakhouse, Regions Bank, and AT&T
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
45
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 35601, AL
34,958
Population
15,168
Households
2.3
Avg Household Size
38
Median Age
18%
College-Educated
77%
High-School Grad
26.5 sq mi
ZIP Area
1,319
Density / Sq Mi
$50,216
Median Household Income
$33,438
Median Earnings
$860
Median Rent
$148,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Three single-tenant net-leased buildings leased to LongHorn Steakhouse, Regions Bank, and AT&T at a signalized corner.
Where is this conventional restaurant located?
The property is located at 1209 Point Mallard Parkway SE Decatur, AL.
What is the asking price?
The asking price for this property is $6,550,000.
What are key features of this property?
This property features: 14,010 SF total across three single‑tenant net‑leased buildings; Over 3 acres at a signalized hard‑corner intersection of U.S. Highway 31 and Route 67; Leased to LongHorn Steakhouse, Regions Bank, and AT&T
