1580 Church St - Auto Dealership FOR SALE


Decatur, GA 30033- Decatur Heights
$5,900,000 USD
404-812-8925
1580 Church St, Decatur, GA for Sale
$5,900,000 USD
Auto Dealership - FOR SALE
1/9
null | 4.47% Cap Rate

1580 Church St
Decatur, GA 30033
Decatur Heights


HIGHLIGHTS

  • Long-term net leased Tesla Sales & Delivery Center located in the highly desirable Decatur submarket of Metro Atlanta
  • 18,200 SF facility situated on a 2.68-acre site with excellent visibility and full access along Church Street
  • Attractive 15% scheduled rental increase in October 2027
  • NN lease - New roof in 2019
  • Below-market rent provides future upside potential
  • Strategic infill location adjacent to Nalley BMW and directly across from a Whole Foods-anchored retail center, Walmart Supercenter and Sprouts

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,900,000 USD

PRICE/SF

$324 USD /SF

CAP RATE

4.47%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tesla - NN Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1986

SPRINKLERS

-

PARKING SPACES

300

LAND DETAILS

LAND ACRES

2.68 AC

LAND SF

116,741 SF

ZONING

C2

APN/PARCEL ID

18-049-12-017

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.