For Sale
$2,830,400

2847 Candler RdDecatur, GA 30034

High-traffic, corporate-leased auto shop

Overview

Added:
Dec 11, 2024
Days on market:
115
This Decatur, Georgia, investment opportunity presents a 14,152 square foot Firestone auto shop, a subsidiary of Bridgestone Corporation (OTCMKTS: BRDCY), boasting an S&P rating of A and over $37 billion in annual revenue. Located at the intersection of I-20 and Candler Road, this property benefits from high visibility and traffic counts (36,603 cars daily) as an outparcel to The Gallery at South Dekalb Shopping Mall. The current lease, a single-tenant net lease (NN), has approximately 3.5 years remaining, with annual rent increases of $1.00 per square foot and a five-year option at a $2.00 per square foot increase. The asking price is $2,830,400, representing a 6.00% cap rate and a price per square foot of $200. The property features 100% occupancy and a strong net operating income (NOI) of $169,824. This fee-simple ownership (land and building) offers a stable, corporate-backed investment with a proven operating history. The location provides convenient access to Downtown Atlanta (10 minutes) and Hartsfield-Jackson International Airport (20 minutes). Surrounding national retailers include McDonald's, KFC, Dunkin', and many others, indicating a strong retail environment. The property's strong demographics, including a median household income of $67,307 within a 30-minute drive, further enhance its investment appeal. This is a rare opportunity to acquire a well-established, high-performing asset in a prime location.

Highlights

  • Corporate net lease with four years remaining; fee simple ownership.
  • Firestone Tire & Rubber Co., a Bridgestone subsidiary (OTCMKTS: BRDCY), S&P rating A, $37B+ annual revenue.
  • Established Firestone location with strong operating history; 1,700 stores and 33,000 employees globally.
  • Prime Decatur, GA location at I-20 & Candler Rd, near Downtown Atlanta and Hartsfield-Jackson Airport.
  • Outparcel to The Gallery at South Dekalb Mall, high-traffic road (36,603 cars daily).
  • Below-market rent with annual $1.00/SF increases; one 5-year option remaining at $2.00/SF increase.

Property Details for 2847 Candler Rd

Property type
Retail properties, Auto shops
Square Feet
14,152 SF

Location Insight

City
Decatur
County
DeKalb
State
Georgia
Latitude
33.7059976
Longitude
-84.2750774
2847 Candler Rd, Decatur, Georgia

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2847 Candler Rd
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