Historical Retail Sale Listing - 4677 COvington Hwy

Retail For Sale

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4677 COvington Hwy

4677 Covington Highway, Decatur, GA 30035

N/A

36,099 SF | Retail

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Retail Property - Off Market

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

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.

Map of 4677 Covington Highway, Decatur, GA 30035 (Dekalb County)

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