2847 Candler Rd, Decatur, GA 30034
- Commercial real estate
- 2,868 SF
- 18.00 lot acres
Current Use by Public Records
- Firestone Complete Auto Care / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 2847 Candler Rd
- Lot size
- 18.00 lot acres
- Zone code
- C1
- Property type
- Commercial real estate
- APN
- 15 120 02 084
- APU
- 1512002084
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 18, 2022 | $18,375,000 | South Dekalb Realty LLC Etal | 2801 Candler Road Holdings LLC | Limited Warranty Deed | — |
| Feb 2, 2021 | $4,488,863 | 2801 Candler Road Holdings LLC | Thor South Dekalb Retail LLC | Warranty Deed | — |
| Feb 2, 2021 | $13,361,137 | 2801 Candler Road Holdings LLC | Thor Gallery At South Dekalb LLC | Warranty Deed | — |
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.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.2754
- Latitude
- 33.7072
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
