Restaurant Outparcels for
For Sale
$6,550,000
1213-1217 Point Mallard Pkwy, Decatur, AL 35601
Offered for sale restaurant outparcels in Decatur, Alabama, part of The Crossings of Decatur retail development.
Property Size14,010 SF
Price / SF$467.52
Days on Market48
Property Features for 1213-1217 Point Mallard Pkwy
General Information
Standard status
Active
Size
14,010 SF
Property subtype
Shopping Neighborhood
Amenities
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
Building Details
Building Size
14,010 SF
Year Built
2010
Listing Agency:
Marcus & Millichap - Birmingham
Listed By:
Eddie Greenhalgh · License #License(s) AL: 0000882980
(205) 510-9200
Source:
Marcusmillichap
Added: Jul 17
Changed: Aug 23
Last Checked: Sep 2 at 1:35PM
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 - Birmingham
Investment Insights
Based on property information with market context.
Marcus & Millichap is pleased to present for sale restaurant outparcels at The Crossings of Decatur. The offering is identified as 1213–1217 Point Mallard Pkwy, Decatur, Alabama, and is categorized as conventional restaurants.
This property is part of The Crossings of Decatur development in Decatur, providing an outparcel format within a broader commercial retail setting. Additional details on specific unit configuration or tenant information are not provided in the materials available.
For a complete review of the offering and any available financial or operational documentation, please contact the listing broker for further information.
This property is part of The Crossings of Decatur development in Decatur, providing an outparcel format within a broader commercial retail setting. Additional details on specific unit configuration or tenant information are not provided in the materials available.
For a complete review of the offering and any available financial or operational documentation, please contact the listing broker for further information.
Key Highlights
- Restaurant outparcels for sale in Decatur, Alabama, part of The Crossings of Decatur retail development
- Year built: 2010
- Listing includes 6.00%
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
351
Businesses Nearby
562k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 27%
Shops & Services 27%
Apparel 21%
Superstores 15%
Target
Superstores
84,108 visits/mo
0.2 miles
T.J. Maxx
Apparel
47,972 visits/mo
0.3 miles
Hobby Lobby
Shops & Services
38,532 visits/mo
0.3 miles
Kroger
Groceries
37,699 visits/mo
0.4 miles
Ross Dress for Less
Apparel
37,119 visits/mo
0.2 miles
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 - Offered for sale restaurant outparcels in Decatur, Alabama, part of The Crossings of Decatur retail development.
Where is this conventional restaurant located?
The property is located at 1213-1217 Point Mallard Pkwy 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: Restaurant outparcels for sale in Decatur, Alabama, part of The Crossings of Decatur retail development; Year built: 2010; Listing includes 6.00%
