Washburn Corner

• Rare Long-Term Ownership: The shopping center has been owned and operated by the same family for over 50 years, presenting a rare opportunity to acquire a well-established retail asset with a longstanding operating history.
• Attractive Low Basis | Priced Below Replacement Cost: Offered at just $134 per square foot, the property is priced materially below replacement cost, providing investors with an attractive entry basis.
• Retail Repositioning Opportunity: All tenants currently operate under shorter-term gross leases with below-market rents, which allows a purchaser the opportunity to transition leases to NNN.
• Below-Market Rents: Current average rental rates are approximately $10.97 per square foot on a gross basis, compared to nearby comparable retail spaces commanding rents in the mid-high teens per square foot NNN.
• 100% Occupancy | Established Tenant History: The shopping center is fully leased and has maintained consistent occupancy for many years, demonstrating sustained tenant demand and limited historical vacancy.
• High-Traffic Visibility | Central Retail Location: Strategically located near the intersection of U.S. Highway 81 and Business U.S. Highway 380, one of Decatur’s primary commercial corridors. The property benefits from strong visibility and proximity to established national retailers, including CVS, Dairy Queen, and Taco Bell. Nearby U.S. Highway 287 sees approximately 25,591 vehicles per day, while S. Washburn Street sees approximately 9,617 vehicles per day, providing strong regional connectivity and retail exposure.
• Strong Demographics | Affluent Consumer Base: The property benefits from strong surrounding demographics, with average household incomes of $117,454 within one mile, $125,425 within three miles, and $130,849 within five miles.