For Sale: Southland Plaza | Decatur, AL Listing Details & Market Data

COLLIERS SOUTHEAST RETAIL INVESTMENT SALES TEAM IS PLEASED TO PRESENT TO QUALIFIED INVESTORS THE OPPORTUNITY TO ACQUIRE SOUTHLAND PLAZA, LOCATED IN DECATUR, AL. Southland Plaza is a 69.3% leased, 119,112 SF value-add community shopping center. Anchored by Bargain Hunt (recent five-year renewal), Badcock Furniture, and Dollar Tree, the subject property features a solid foundation with significant value-add potential. Southland Plaza has 36,563 SF of vacant space, offering investors the opportunity to boost NOI. Furthermore, the center has an average rent of $9.17/SF. Moreover, the site spans over 13.14± acres, allowing the potential for redevelopment/repurposing opportunities. A new Culvers was constructed on the out parcel (NAP), bringing fresh energy to the shopping center.

Strategically positioned at a fully signalized intersection, Southland Plaza benefits from an average daily traffic count in excess of 30,000. The subject property also enjoys robust immediate area co-tenancy (with other national tenants such as Target, Kroger, Walmart Neighborhood Market, Ross Dress for Less, Old Navy, Petsmart, Kirkland’s, Ulta, Kohl’s and many others). Other traffic drivers located within a 1-mile radius from the property include two car dealerships as well as Decatur Country Club. The City of Decatur’s ideal location within the Huntsville-Decatur CSA and along the Tennessee River, gives it a significant economic advantage within the region. The Huntsville CSA has become one of the most sought-after markets within the country.

The city of Decatur is located south of Huntsville, after crossing over the Tennessee River. It is within a few minutes’ drive to the “rocket city”. Residents of Decatur benefit from employment opportunities in Decatur, in addition to the highly sought-after job market in Huntsville. As Huntsville sees historic growth, now becoming the largest city in the state, surrounding markets are flourishing. Decatur is benefiting from this growth. New development around Decatur is taking place. Residential growth is occurring. Decatur is a beneficiary of Huntsville being named the best city to live in the US, two years in a row.