4487 Tilly Mill Rd
Atlanta, GA 30360
UNDER CONTRACT · Retail Property For Sale

3 tenant building. 100% occupied. Modified Gross leases. Block construction, fenced rear yard, monument signage. 2 access driveways from the street. No environmental issues. Monument signage at the street. 1031 Exchanges welcome. Tenants have 100% financial responsibility to maintain, clean, repair and replace A/C, heater, water heater, all plumbing, trade fixtures, lighting, windows, walls, plate glass, signs and all other interior items. The Dry cleaner has been here 12 years. Dry cleaner purchased the business and has a lot of money invested here. Euro Performance has been here 11 years. Gas and electric are individually metered and tenants pay all of these. There is only 1 water meter for the building, and the dry cleaner pays 100% of this bill. Dunwoody Auto pays 5% of the property tax bill. They are the only tenant to contribute to property taxes. Income: Euro Performance Auto Repair: $2,100/month Modified Gross + utilities. Start: January 1, 2008. Expiration: December 31, 2021. 3% annual increases. Has been here 11 years! Unique Style Dry Cleaners: $2,750/month Modified Gross + utilities. Start: March 1, 2019. Expiration: February 28, 2022. 3% annual increases. Dunwoody Auto Repair: $2,500/month Modified Gross + 5% of property taxes + utilities. Start: April 1, 2018. Expiration: March 31, 2022. 3% annual increases. Operating expenses: 2017 Property Taxes: $12,369. Insurance $1,200/year. Management fee: $2,500/year. Landscaping: None needed, no foliage or lawn. Maintenance/Repairs: $3,000/year. Operating Expenses also assumes a 5% vacancy actor. Roof rubber and is original but has had extensive work, about 50% redone in 2017. Outside Brokers: 3% commission.