2847 Candler RdDecatur, GA 30034
- Other commercial real estate
- 2,868 SF
Property Details for 2847 Candler Rd
- Lot size
- 18.00 AC
- Property size (Sq ft)
- 2,868 SF
- Zone code
- C1
- Property type
- Other commercial real estate
- APN
- 15 120 02 084
- APU
- 1512002084
Description
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.
Location Insight
- City
- Decatur
- County
- Dekalb
- State
- Georgia
- Latitude
- 33.7072
- Longitude
- -84.2754
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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