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2847 Candler Rd Decatur, GA 30034

For Sale
$2,830,400

High-traffic, corporate-leased auto shop

Property size:
14,152 SF

Description

Added:
Dec 11, 2024
Days on Market:
369
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.

Property Features for 2847 Candler Rd

General Information

Property type
Automotive properties
Square Feet
14,152 SF

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 Profile Insight Report Location Intelligence

Current Use by Public Records

Firestone Complete Auto ... Tire Shop

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Gym & Fitness

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Decatur
County
DeKalb
State
Georgia
Longitude
-84.2750774
Latitude
33.7059976

FAQs

What type of property is this?
Automotive property - High-traffic, corporate-leased auto shop
Where is this automotive property located?
The property is located at 2847 Candler Rd Decatur, GA.
What is the asking price?
The asking price for this property is $2,830,400.
What are key features of this property?
This property features: 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.
More about this property
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