4677 Covington Highway
Decatur, GA 30035 ·
36,099 SF · Retail For Sale
4677 COvington Hwy
|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|
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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