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1580 Church St
Decatur, GA 30033
Tesla - NN Lease · Retail Property For Sale
Investment Highlights
- Long-term net leased Tesla Sales & Delivery Center located in the highly desirable Decatur submarket of Metro Atlanta
- Attractive 15% scheduled rental increase in October 2027
- Below-market rent provides future upside potential
- 18,200 SF facility situated on a 2.68-acre site with excellent visibility and full access along Church Street
- NN lease - New roof in 2019
- Strategic infill location adjacent to Nalley BMW and directly across from a Whole Foods-anchored retail center, Walmart Supercenter and Sprouts
Executive Summary
This investment opportunity consists of a Tesla Sales & Delivery Center strategically located at 1580 Church Street in Decatur, Georgia. The Property comprises an approximately 18,200-square-foot facility situated on 2.68 acres and serves as a key sales and delivery hub for Tesla, one of the world's leading electric vehicle and clean energy companies. Renovated in 2019, the Property has been improved to support Tesla's operational requirements and brand standards, creating a highly functional automotive retail asset.
The Property is leased under a net lease structure and benefits from an early 10- year lease renewal, a scheduled 15% rent increase in 2027, and below-market rental rates that provide long-term value enhancement potential. With no remaining renewal options following the current lease term, investors are afforded future flexibility through lease restructuring, re-tenanting, or redevelopment opportunities in one of Metro Atlanta's most desirable infill markets.
The Property is leased under a net lease structure and benefits from an early 10- year lease renewal, a scheduled 15% rent increase in 2027, and below-market rental rates that provide long-term value enhancement potential. With no remaining renewal options following the current lease term, investors are afforded future flexibility through lease restructuring, re-tenanting, or redevelopment opportunities in one of Metro Atlanta's most desirable infill markets.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
18,200 SF
Building Class
B
Year Built
1986
Price
$5,900,000
Price Per SF
$324.18
Cap Rate
4.47%
NOI
$263,900
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
2.68 AC
Zoning
C2
Parking
300 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
260’ on Church St
Amenities
- Car Charging Station
Property Taxes
| Parcel Number | 18-049-12-017 | Improvements Assessment | $485,784 |
| Land Assessment | $1,382,616 | Total Assessment | $1,868,400 |
Property Taxes
Parcel Number
18-049-12-017
Land Assessment
$1,382,616
Improvements Assessment
$485,784
Total Assessment
$1,868,400
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