4421 Glenwood Rd Decatur, GA 30032-5094
- Community centers
- 10,467 SF
- 1.45 lot acres
Aug 01, 2024
Current Use by Public Records
- Atlanta Wings / Restaurant
- Metro by T-Mobile / Mobile Phone Store / Electronics & Wireless Store
- Smokey G'z Smoke,CBD,Kratom and Vape Shop / (Bike/Boat/Book/etc) Store
- Koala’s Body Art / Tattoo & Piercing Shop
- Waze2ink Inc / Tattoo & Piercing Shop
Property Details for 4421 Glenwood Rd
- Year built
- 2007
- Lot size
- 1.45 lot acres
- Property size
- 10,467 SF
- Zone code
- C1
- Property type
- Community centers
- APN
- 15 165 01 109
- APU
- 1516501109
Description
This exceptional 10,467-square-foot retail center presents a compelling investment opportunity in the rapidly expanding Decatur, GA market. Built in 2007, the property boasts a prime location on Glenwood Road, enjoying high visibility with over 300 feet of road frontage and excellent access (23,094 vehicles per day). The all-brick building features attractive glass/aluminum-frame storefronts and comprises seven individual units, each under a triple net lease with a minimum 3% annual escalation clause, ensuring consistent income growth. Situated on a 1.45-acre lot, the center also includes a freestanding billboard, further enhancing its marketing potential. Currently delivering a 7% capitalization rate, this fully stabilized shopping center offers significant upside potential for long-term value appreciation and strong cash flow. The long-term tenants and built-in rent increases provide a secure and predictable income stream, making this an attractive addition to any investment portfolio. The property's strategic location and strong tenant base contribute to its exceptional investment characteristics. This is a rare opportunity to acquire a high-performing retail asset in a thriving market.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,950,000
- ML approach
- $1,950,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,805,000
- 6.5%
- $2,590,000
- 7%
- $2,405,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,432,000
Market price range: $582k - $1.86M -
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,195,000 Current use
- AUTO REPAIR, GARAGE
- $2,765,000 Change: +132% Conversion: Difficult
- OFFICE BUILDING
- $2,655,000 Change: +122% Conversion: Moderate
- COMMERCIAL (GENERAL)
- $2,515,000 Change: +111% Conversion: Easy
- MEDICAL BUILDING
- $2,425,000 Change: +103% Conversion: Difficult
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Decatur
- County
- Dekalb
- State
- Georgia
- Longitude
- -84.2373
- Latitude
- 33.7371
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA