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DECATUR CORNERS 1850 Lawrenceville Hwy 12,648 sq ft 100% Let Retail Property Decatur, GA 30033 For Sale
INVESTMENT HIGHLIGHTS
- 100% Occupancy with tremendous long term upside potential
- Prime location with excellent visibility on Lawrenceville Hwy - Over 76,000 cars passing per day
- The immediate area includes the Lulah Hills 73-acre mixed use redevelopment well as an expansive medical network for Emory Decatur Hospital
- Below market rents
- Located Inside the Atlanta Perimeter (I-285), where US-78 meets Hwy 29 (Lawrenceville Hwy)
- There are over 120,000 residents living within a 3-mile radius, the average household income exceeds $134,000 within a 3-mile radius
EXECUTIVE SUMMARY
This is an excellent opportunity to own an 12,648 square foot retail center in a prime location on a highly trafficked highway feeding into Decatur and Downtown Atlanta. The property is currently 100% leased to 4 tenants. The property has 2 access points on Lawrenceville Highway, and a large parking lot with ample spaces. There is also a large sign with great visibility from the road.
This corridor has seen a development boom over the last few years with additions such as Decatur Crossing, North Decatur Square, and the new Walmart complex. North Decatur Square is a mixed-use development built in 2018 by SJ Collins and is anchored by Whole Foods Market. Decatur Crossing is a retail center built in 2017 by Fuqua Development and anchored by Sprouts Market. The area continues to improve every year, as evidence by population growth and income in the area. As Atlanta continues to expand geographically at record pace, areas inside the I-285 Perimeter will continue to be in demand.
This corridor has seen a development boom over the last few years with additions such as Decatur Crossing, North Decatur Square, and the new Walmart complex. North Decatur Square is a mixed-use development built in 2018 by SJ Collins and is anchored by Whole Foods Market. Decatur Crossing is a retail center built in 2017 by Fuqua Development and anchored by Sprouts Market. The area continues to improve every year, as evidence by population growth and income in the area. As Atlanta continues to expand geographically at record pace, areas inside the I-285 Perimeter will continue to be in demand.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Standalone
Property Size
12,648 sq ft
Costar Property Class
C
Year Built/Renovated
1972/2021
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.26
Total Plot Size
1.10 ac
Use Class
C1 - Commercial
Parking
40 Spaces (3.16 Spaces per 1,000 sq ft Leased)
Frontage
298 ft on Lawrenceville Hwy
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- sq ft OCCUPIED
- RENT/sq ft
- LEASE TYPE
- LEASE END
- JR Crickets
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
- LED Light
- Retailer
- -
-
$9.99
-
Lorem Ipsum
-
Jan 0000
| TENANT | INDUSTRY | sq ft OCCUPIED | RENT/sq ft | LEASE TYPE | LEASE END | |
| JR Crickets | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 | |
| LED Light | Retailer | - | $9.99 | Lorem Ipsum | Jan 0000 |
Walk Score®
Easily Walkable (75)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 18-062-08-075 | Improvements Assessment | £1,101,738 |
| Land Assessment | £193,487 | Total Assessment | £1,295,225 |
PROPERTY TAXES
Parcel Number
18-062-08-075
Land Assessment
£193,487
Improvements Assessment
£1,101,738
Total Assessment
£1,295,225
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DECATUR CORNERS | 1850 Lawrenceville Hwy
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