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3795 N Druid Hills Road - North Dekalb Mall, Decatur, GA

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3795 N Druid Hills Road - North Dekalb Mall

Decatur, GA 30033-3730 - Northlake/I-85 Ret Submarket

Property Type:Retail Sub Type:Freestanding Status:Existing Year Built:1989
Building Size:9,014 SF Land Area:1 AC (43,560 SF)
For Sale Price:$2,399,005 Price/SF:$266.14
Cap Rate:7.25 %
Parking:Free Surface spaces are available; Ratio of 4.46/1,000 SF

Sale Notes:
The subject property is a 9,014± SF freestanding single-tenant building leased to Pier 1 Imports, Inc. (NYSE: PIR) located in Decatur, an in town suburb of Atlanta, GA and part of the Atlanta MSA the 8th largest MSA in the United States. The net lease is guaranteed by Pier 1 Imports, Inc. (NYSE: PIR; Mkt. Cap: $390.74M; 1,065 stores in the US and Canada).
Decatur is a key city in the Atlanta MSA projected 2020 population 7,300,000±. The 5 mile population is 307,000±
with an average household income of $83,000±. The 10 mile population is 1,076,000± with an average household income of $83,000±. There is 19,000,000± SF of retail and 23,000,000± SF of office within a 5 mile radius of the subject property.
Pier 1 Imports is located on North Druid Hills Road (31,600± vehicles per day) at the entrance to North DeKalb Mall and near the intersection of North Druid Hills Road and Lawrenceville Highway (30,000± vehicles per day).

Colliers International
Taylor Wolfes
(404) 574-1071

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