This property is Off-Market

4677 Covington Highway
Decatur, GA 30035 ·

36,099 SF · Retail For Sale

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4677 COvington Hwy

Price N/A Cap Rate 10%
Gross Leasable Area 36,099 SF Occupancy 83%
Property Type Retail No. Stories 1
Property Sub-type Strip Center Tenancy Multiple
Property Use Type Investment Year Built 1987
Commission Split 6% Lot Size 6.03 SF
Listing ID: 17590957 Date Created: 03/27/2012 Last Updated: 02/20/2013

Description

This retail portfolio consists of a 17,677 sf retail strip, 8,953 sf showroom warehouse and a 9,469 sf showroom warehouse. The prorties were constructed between 1980 and 1987. There are two vacancies 5,000 sf and a 1,000 sf. In addition there is a cell tower lease on the property with an option to do a 99 yr ground lease for the cell tower at $200,000. Most tenants have been on property for about 10 years. Tenants are under new three year leases. Actual NOI is $122,000. Expenses are $37,000.

On Covington Hwy just outside I-285.

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4677 Covington Highway, Decatur, GA 30035 (DeKalb County)

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