Austin Plaza (2 NNN Tenants Decatur) | 1816-1820 Austin Dr
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Austin Plaza (2 NNN Tenants Decatur) 1816-1820 Austin Dr
2,414 SF 100% Leased Retail Building Decatur, GA 30032 $527,400 CAD ($218 CAD/SF) 9.12% Cap Rate
Investment Highlights
- Growing Residential Neighborhood In Decatur with heavy foot traffic
- Long-term Tenants can increase rent
- NNN Tenants doing new contruction
Executive Summary
Prime NNN Investment in growing Decatur. This Two-Suite commercial building is located less than a half mile from the I-285 exit.
There is one existing restaurant and one event space. Both are long-term tenants, and the event space just signed the lease while the restaurant is up for renewal. The current Cap Rate is 8.55% but is expected to increase to a combined rent of $3,271/mo, making it 10.4%. This is an NNN property. The Roof and HVAC system are new. Seller Financing with $250,000 down can be considered.
NOTE: The side that is boarded up is temporary while the tenant sets up the space for his business.
It is inside I-285, just off of Glenwood Road. It is conveniently located near I-285, I-20, and downtown Atlanta.
There is one existing restaurant and one event space. Both are long-term tenants, and the event space just signed the lease while the restaurant is up for renewal. The current Cap Rate is 8.55% but is expected to increase to a combined rent of $3,271/mo, making it 10.4%. This is an NNN property. The Roof and HVAC system are new. Seller Financing with $250,000 down can be considered.
NOTE: The side that is boarded up is temporary while the tenant sets up the space for his business.
It is inside I-285, just off of Glenwood Road. It is conveniently located near I-285, I-20, and downtown Atlanta.
Property Facts
Sale Type
Investment NNN
Sale Conditions
Property Type
Retail
Property Subtype
Building Size
2,414 SF
Building Class
C
Year Built
1967
Price
$527,400 CAD
Price Per SF
$218 CAD
Cap Rate
9.12%
NOI
$48,099 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Land Acres
0.22 AC
Opportunity Zone
Yes
Zoning
C1
Parking
14 Spaces (4.14 Spaces per 1,000 SF Leased)
Frontage
57 ft on Austin Rd
PROPERTY TAXES
| Parcel Number | 15-189-07-022 | Improvements Assessment | $57,033 CAD |
| Land Assessment | $44,409 CAD | Total Assessment | $101,443 CAD |
PROPERTY TAXES
Parcel Number
15-189-07-022
Land Assessment
$44,409 CAD
Improvements Assessment
$57,033 CAD
Total Assessment
$101,443 CAD
-
Pratik Karan -
Virtual Properties Realty
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Austin Plaza (2 NNN Tenants Decatur) | 1816-1820 Austin Dr
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