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 $375,000 ($155/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
$375,000
Price Per SF
$155
Cap Rate
9.12%
NOI
$34,200
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.25
Lot Size
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 | $40,480 |
Land Assessment | $31,520 | Total Assessment | $72,000 |
PROPERTY TAXES
Parcel Number
15-189-07-022
Land Assessment
$31,520
Improvements Assessment
$40,480
Total Assessment
$72,000
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Austin Plaza (2 NNN Tenants Decatur) | 1816-1820 Austin Dr
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