2978 Rainbow Dr, Decatur, GA for sale

Investment Overview

Freestanding retail investment opportunity at 2978 Rainbow Drive featuring a 5,100 SF, three-unit retail building that is currently 100% occupied. Built in 1979, the property offers an established neighborhood retail format with in-place tenancy and immediate income for an investor. The single-story building is zoned C-1 and benefits from surface parking, approximately 162 feet of frontage on Rainbow Drive, direct curb-cut access, and prominent pylon signage. The property is also located less than ½ mile from I-20 at Candler Road, providing convenient access throughout DeKalb County and Metro Atlanta. Positioned within the SE Atlanta retail submarket, the property is surrounded by established residential neighborhoods and neighborhood-serving commercial uses, supporting its appeal as a well-located infill retail investment.

Investment Highlights

• * NOI - $62,713
• * CAP - 7.84%
• * 100% occupied
• * 5,100 SF, three-unit retail building
• * Strong visibility with prominent pylon signage
• * Approximately 162 feet of frontage on Rainbow Drive
• * C-1 zoning
• * Immediate income with long-term investment potential
• * Less than ½ mile to I-20 at Candler Road