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2035 Candler Rd
Decatur, GA 30032
Retail Property For Sale

INVESTMENT HIGHLIGHTS

  • Walgreens in Decatur, GA | 5 Mile East of Downtown Atlanta
  • Strong Corporate Guaranty | S&P: BBB
  • Below Market Rent Per SF ($/SF)
  • NN Lease | Tenant Recently Extended the Lease an Additional 10-years through 2031
  • Ideally Located on the Hard Signalized Corner of Candler Rd and McAfee Rd | T-More Than 30,000 Vehicles Per Day (VPD)
  • Dense Retail Corridor | More Than 1,500,000 SF of Retail Development Within 2 Miles of the Subject Asset

PROPERTY FACTS

Property Type
Retail
Property Subtype
Drug Store
Building Size
15,120 SF
Building Class
B
Year Built
2001
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
2.10 AC
Zoning
C1
Parking
45 Spaces (2.98 Spaces per 1,000 SF Leased)
Frontage
257’ on Candler Rd

ABOUT 2035 CANDLER RD , DECATUR, GA 30032

The Walgreens is strategically located at the signalized, hard corner intersection of Candler Road and McAfee Road. The asset has excellent visibility from both cross-streets and benefits from multiple points of access along both routes. Candler Road (20,700 VPD) is a primary north/south retail and commuter thoroughfare for the city of Decatur and provides direct access to Interstate 20 (131,700 VPD) less than 1.50 miles south of Walgreens. Moreover, a new apartment development, Sterling at Candler Village (170 units), was recently completed less than 0.25 miles north of the property, providing a direct consumer base to draw from. Nearby national/credit tenants include dd’s DISCOUNTS, O’Reilly Auto Parts, Advance Auto Parts, DaVita Dialysis, and more, increasing consumer traffic to the subject area. The site is located 7-miles from the city center and benefits from the growth of the Atlanta metropolitan area. Surrounding communities such as Decatur help support the expanding downtown district, with the 3-mile subject trade area projected to grow by more than 5% over the next five years. Currently, the 5-mile trade area is supported by more than 256,200 residents and nearly 157,000 employees with a healthy average household income of $88,900.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
15-151-04-031
Land Assessment
$914,760
Improvements Assessment
$838,280
Total Assessment
$1,753,040
  • Listing ID: 19948063

  • Date on Market: 6/17/2020

  • Last Updated:

  • Address: 2035 Candler Rd, Decatur, GA 30032

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