UNDER CONTRACT! Austin Plaza is an upscale NEW 10,350 sq ft retail strip center located in Decatur, GA in an underserved retail area. This is the nicest and newest center around with almost 20K vehicles per day passing. It is close to I-285 and minutes from downtown Decatur. Opening in September, it is already 88% leased! Tenants include a mini-grocery store, Chinese restaurant, barber shop, insurance agency, and billboard revenue! All leases are 3 or 5 years with annual increases, renewal options and CAM to cover all operating expenses! The Seller will master lease any vacancy that remains at closing for 12 months. The center is aggressively priced at $169 per sq ft, below sold comps, making this an attractive 9.22% average cap with vacancy reserves over 5 years! Perfect for a 1031 buyer.

Contact Nancy Miller

Nancy@bullrealty.com

404-876-1640