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Firestone Single-Tenant Net Lease 2847 Candler Rd
14,094 SF Retail Building Decatur, GA 30034 $2,830,400 ($201/SF) 6% Cap Rate
Investment Highlights
- Corporate Net Lease – 4 Years Remaining – Fee Simple (Land & Building)
- Successful Operating History at this Location – Firestone has 1,700 Stores, 33,000 Employees Worldwide
- Below Market Rent – Annual $1.00 PSF Rental Increases – One 5-yr Option Remaining with $2.00 PSF Increase
- Firestone Tire & Rubber Company – Subsidiary of Bridgestone Corporation (OTCMKTS: BRDCY) – S&P: A, Nikkei 225 Component, $37+ Billion in Revenue
- Located at I-20 & Candler Rd in Decatur, GA – Major Traffic Corridor – 10 Minutes to Downtown Atlanta, 20 Minutes to Hartsfield-Jackson International
- Outparcel to The Gallery at South Dekalb Shopping Mall – Candler Rd (36,603 Cars Per Day)
Financial Summary (Actual - 2023) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$169,824
|
$12.05
|
Financial Summary (Actual - 2023)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $169,824 |
| Annual Per SF | $12.05 |
Property Facts
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
-
- Services
- 14,094 SF
- $12.05
- Net
- May 2028
Since 1926, drivers have trusted Firestone Complete Auto Care to keep their vehicles running newer longer. And as America’s auto care needs have grown and changed, so have they. They’re a leading provider of maintenance, repairs and tires for a reason: because they believe in offering a complete auto care experience that perfectly meets customer needs. Their auto care advisors and service technicians take pride in understanding customers vehicle from bumper to bumper. Plus, they’ll always answer customers questions and explain their work to customers so they feel comfortable from the moment they walk in until they’re back on the road. They promise to provide the best customer service and offer the right solutions, so they can feel confident in knowing they’re customers complete auto care solution.
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
|
|
Services | 14,094 SF | $12.05 | Net | May 2028 |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 15-120-02-084 | Improvements Assessment | $0 |
| Land Assessment | $443,786 | Total Assessment | $443,786 |
PROPERTY TAXES
Presented by
Firestone Single-Tenant Net Lease | 2847 Candler Rd
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