Retail Property With Frontage on Candler Road

1885 Candler Road
Decatur, Georgia
Retail Property With Frontage on Candler Road
Investment Opportunity
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Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Table of Contents
For more information, please contact:
John Harrison
V.P. | National Retail Group
(404) 876-1640 x 106
[email protected]
Austen Wiley
Business Development | National
Retail Group
(404) 876-1640 x 128
[email protected]
Bull Realty, Inc.
50 Glenlake Parkway
Suite 600
Atlanta, GA 30328
www.BullRealty.com
Executive Summary
3
Property Photos
4
Location Map
5
Adjacent Property Photos
6
Adjacent Property (2)
7
Anchor Tenant
8
Retail Aerial View
9
Traffic Count & Demographics
10
Survey
11
Sold Comparables
12
About The Area
13
Broker Profile
14
Confidentiality Agreement
15
P 2 of 15
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Executive Summary
Retail Investment Opportunity
Bull Realty is pleased to offer the opportunity to acquire this fully
leased commercial property with great frontage along Candler Road
in Decatur, GA. The property sits on +/- .5 acre adjacent to the DeKalb
County Public Library and a highly trafficked Captain D’s fast food restaurant. Two larger retail centers, The Gallery at South DeKalb & Belvedere Plaza, lie in close proximity to the North & South. The famous
East Lake Golf Club (site of the PGA Tour Championship), is about 1.5
miles north. The traffic count along 4-lane Candler Rd, in front of the
property, exceeds 25,060 cars/day. The site offers extra space for
parking in the back and plenty of room for signage along the street.
The building & site also present an outstanding repurpose opportunity.
Property Address
1885 Candler Road
Decatur, GA 30032
County
Building Size
DeKalb
+/- 3,800 sq ft
Year Built
1961
Occupancy
100%
Number of Units
2
Number of Buildings
1
Zoning
C1
NOI
Cap Rate
Price
P 3 of 15
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
$22,000
8.8%
$250,000
1885 Candler Road
Decatur, Georgia
Property Photos
P 4 of 15
Representative
Photo
Information contained
herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Location Map
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Representative
Photo
Information contained
herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Adjacent Property Photos
Adjacent Property
- Dekalb County Public Library
Subject Property & Library in Background
Dekalb County Public Library
Dekalb County Public Library Parking Lot
Dekalb County Owned Vacant Lot Next Door
Dekalb County Public Library Parking Lot
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Representative
Photo
Information contained
herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Adjacent Property Photos (2)
Adjacent Property
- Candler Road Pawn Shop & Candler Package Store Located Across Candler Road From Subject.
Candler Road Pawn Shop Directly Across Candler Rd
Candler Package Store Across Candler Road / Same Intersection
P 7 of 15
Representative
Photo
Information contained
herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Anchor Tenant
National Anchor Tenant - Laundromax
With over 25 stores strategically located throughout Rhode Island, Massachusetts, New Jersey and Georgia, Laundromax brings to its customers an unprecedented laundry experience. Typically located on pad sites or as part of a shopping center, all stores feature a set of amenities
that makes Laundromax a rarity in the industry: large and bright “super” stores of 3,500 to 7,500 square feet, over 150 washers and dryers
available per store, plenty of folding tables and laundry carts, open 24 hours, free parking for customers, knowledgeable friendly staff, snacks
and beverages available through vending machines, cable television and more. Laundromax offers self-service laundry as well as professional
drop off for “Same Day Service”.
Laundromax has been a tenant in the subject property since 1998.
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Representative
Photo
Information contained
herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Retail Aerial View
Memorial Dr
Glenwood Rd
Mcafee Rd
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Representative
Photo
Information contained
herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Traffic Count & Demographics
2015 Demographics (esri)
1 mile
Population 9,654
Households 3,754
Average Household Income $45,985
3 mile
Population 92,468
Households 37,707
Average Household Income $57,394
5 mile
Population 249,197
Households 102,404
Average Household Income $64,124
P 10 of 15
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
1885 Candler Road
Decatur, Georgia
Survey
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Representative
Photo
Information contained
herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Sold Comparables
Address
1046 Memorial Dr SE
Address
1046 E Cleveland Ave
Size
4,790 sq ft
Size
2,300 sq ft
Sold Price
$260,000
Sold Price
$229,000
Sold Date
4/7/15
Sold Date
12/13/13
Address
1349-1355 Sylvan Rd
Address
2523 Lawrenceville Hwy
Size
2,866 sq ft
Size
3,742 sq ft
Sold Price
$207,500
Sold Price
$275,000
Sold Date
3/13/15
Sold Date
6/4/13
Address
3723 Covington Hwy
Address
4014 Glenwood Rd
Size
3,416 sq ft
Size
3,500 sq ft
Sold Price
$258,000
Sold Price
$290,000
Sold Date
9/4/14
Sold Date
6/25/13
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Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
About The Area
1885 Candler Road
Decatur, Georgia
Decatur, Georgia
Centrally located in the heart of Dekalb County, Decatur is close to practically everything in metro Atlanta. Family fun for all kinds of families is readily available in Decatur in
the form of outdoor concerts in the spring and fall; kid-friendly events and festivals; city parks and pools; bike trails; and popular shops that cater to kids. Top destinations
around Atlanta are an easy trip from Decatur, and many spots are accessible via MARTA of the free Cliff Shuttle between Decatur and Emory University.
The city of Decatur is four square miles of hometown hipness with 18,000 residents inside Atlanta’s I-285 perimeter highway. Ponce de Leon Avenue is the main street,
connecting Decatur to the city of Atlanta, just six miles to the west, and to historic Stone Mountain, just six miles to the east. A quintessential college town, Decatur is home to
Agnes Scott College, Columbia Theological Seminary within the city limits Branches of the Art Institute of Atlanta and DeVry University bring hundreds of commuting students,
faculty and staff to our downtown square. Emory University is close by with a free shuttle carrying students and residents between campus and downtown Decatur. And with
more than 200 mostly independent shops, restaurants, galleries, salons and other service businesses, Decatur draws students, office workers, residents and visitors who love
to "shop local" in our walkable tree-shaded downtown.
Decatur is a destination in itself for foodies, fashionistas and fun-lovers. They flock here for our critically acclaimed restaurants, including Cakes & Ale, Watershed, Leon’s,
Twain’s and the Brickstore, that emphasize farm-to-table concepts and hand-crafted beers. Storefront boutiques like Squash Blossom, Boogaloos, Vivid and Rockit specialize in
the latest trends with a spotlight on organic, fair trade goods, sustainable materials and local designers. At night, musicians take the stage at Eddie’s Attic where the Indigo
Girls, Sugarland, Sean Mullins and John Mayer played in their early days and still drop by for surprise visits. Live music of all genres can be found at numerous other venues in
downtown Decatur and Oakhurst Village just to the south.
The tech-friendly downtown with the availability of municipal wi-fi makes it easy to stay connected with the world from a sidewalk café table. Make Decatur your hometown
away from home -- stay here, dine and shop here, and venture forth to top destinations including the Carlos Museum at Emory University, Stone Mountain Park, Fernbank
Museum, the SCAD gallery, the Georgia Aquarium, World of Coca-Cola, Atlanta Cyclorama, Wrens Nest House Museum, and more.
P 13 of 15
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Broker Profile
JOHN HARRISON
Mr. Harrison serves as the Vice President of the Bull Realty National Retail Group boasting 30 years of retail experience with advisory, consulting and
transactional services. Additional client services include, but are not limited to asset recapitalization and value added services based on the best marketing
systems and real time market trends and information.
John entered undergraduate studies at Davidson College and completed his degree at Emory University. He began his career with Ackerman & Co. during
the early 80’s and specialized in the marketing of office and mixed use properties. He has closed leases and investment sales in excess of $200 million. He
has been a member of the Million Dollar Club for 15 years and is a recipient of the Phoenix Award. As a partner with CBH Properties, he has been involved in
all phases of the development, management and ownership.
John Harrison
Vice President,
National Retail Group
(404) 876-1640 x 106
[email protected]
John was Vice President of Commercial Sales at both McWhirter Realty Corp. and Roberts Commercial and was a top producer with each company. Property
sales on his resume include the sale of over 80 retail centers and office properties. John has sold in excess $40 million in medical properties during the past
decade.
John joined Bull Realty in 2011 and is excited about providing the excellent marketing platform offered by Bull Realty to the benefit of his client base.
John has been married to his wife Stephanie for 24 years and they have two sons. John enjoys coaching kids in soccer, family tennis and hanging out at
Starbuck’s with his wife. He has a passion for politics and history and is an accomplished pianist.
Austen Wiley
Austen Wiley serves in Business Development Operations at Bull Realty. Mr. Wiley supports and counsels Agents and Brokers with new business
opportunities as well as assists with organic lead generation, collateral marketing, acquisition and disposition of properties throughout the country. His
business objective is to create long-term client value and relationships by exceeding client expectations with exceptional service and market knowledge.
Austen Wiley
Business Development,
National Retail Group
(404) 876-1640 x 128
[email protected]
Prior to joining Bull Realty, Austen worked in multiple results driven sales roles in the automotive and building materials industry specializing in the
identification of new accounts to increase market share. Austen consulted new clients with a mission to insure success and sustainability for their respective
businesses.
Mr. Wiley graduated from Georgia State University with a Bachelor of Business Administration degree while a member on the football team for two years
under head coach Bill Curry.
P 14 of 15
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
1885 Candler Road
Decatur, Georgia
Confidentiality Agreement
This Confidentiality Agreement (“Agreement”) is made and agreed to for the benefit of the undersigned party (“Receiving Party”), the owner of the subject property (the “Seller”) and undersigned
broker Bull Realty Incorporated (“Broker”).
Now therefore in consideration of the privileges granted to Receiving Party with respect to receiving certain confidential information, and other good and valuable consideration, the Receiving
Party hereby agrees to the following:
I. Confidential Information:
Receiving Party will receive confidential information regarding property referred to as 1885 Cander Rd, Decatur Georgia 30032. Prospect agrees to not disclose to any person that the property
may be available for sale or lease, or that discussions or negotiations are taking place concerning the property, n or any terms, conditions, or other facts with respect to the property, including but
not limited to tenant information, lease rates, lease expirations, income and expenses, and any such possible purchase, including the status thereof. The term “person” used in this agreement
shall be interpreted broadly and shall include, without limitation, any corporation, company, partnership or individual other than parties to which Broker approves in writing. Receiving Party may
share information with directors, officers, employees, agents, affiliates, counsel, lending sources, accountants or representatives of Receiving Party that Receiving Party notifies of the requirements of this Agreement. Receiving Party agrees to not contact the property owner, the management, the tenants, the lender, the vendors, the insurers, the employees or the customers of any
business at the site.
II. Acting as a Principal:
Receiving Party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated transaction. Receiving Party acknowledges that Broker is working an agency
capacity as representing the Seller only in this transaction and is the only Broker involved in this potential transaction. Receiving Party agrees to not be involved in any arrangement to lease or
purchase the property, in whole or in part, as a lender, partner, buyer of the note, buy in foreclosure, buy from bankruptcy court, or in any other manner acquire an investment in, joint venture or
control of the property, unless Bull Realty, Incorporated is paid a commission at closing as per separate agreement with Seller.
This agreement will expire two years from the date hereof.
III. Governing Law
This Agreement shall be governed and construed in accordance with the laws of the State of Georgia.
Accepted and agreed to this _______ day of ___________________, 2015.
Receiving Party
Email ______________________________________________________________________
Phone _____________________________________________________________________
Signature ___________________________________________________________________
Fax ________________________________________________________________________
Printed Name _______________________________________________________________
Title _______________________________________________________________________
Broker
Company Name _____________________________________________________________
Signature ___________________________________________________________________
Address ____________________________________________________________________
Printed Name ________________________________________________________________
____________________________________________________________________
You may return the executed agreement by fax (404) 876-7073 or email [email protected]
Bull Realty, Inc. | 50 Glenlake Parkway, Suite 600 | Atlanta, GA 30328
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Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.