Interior Value-Add: New ownership will have the opportunity to increase rents by renovating the interiors, including:
Management Upside: The Willows is currently 90% occupied with little marketing efforts and no property website. New ownership will have the opportunity to raise occupancy to submarket averages and increase NOI through increased marketing or creating a new property website.
Amenities Value-Add: The Willows sits on over 6 acres and has ample space for new ownership to add value to the property by adding amenities, such as a dog park, playground, grilling/pergola area, or fire pit/lounge area.
Access to Nearby Retail: The Willows is 1 mile from Decatur Mall, a 575,947 SF mall anchored by Belk, Bed Bath & Beyond, and Carmike Cinemas; Other local retail includes Walmart, Home Depot, ALDI, Publix, Lowe’s, TJ Maxx, Kroger, Academy Sports, & Hobby Lobby.
Stable Local Economy: There are 12 Fortune 500 Companies and 7 Global 500 Companies with locations in Morgan County, AL.
Proximity to Huntsville: Decatur residents benefit from being only 30 minutes from Huntsville via I-565; the growing MSA has seen more population growth since 2010 than any other MSA in the state and will likely be the largest city in the state within 3 years.
Value Relative to Huntsville: Decatur offers a value alternative to Huntsville, AL’s fast-growing MSA: