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National Credit Tenant Value-Add Retail Investment | Grove Park Neighborhood | Atlanta, GA

2045 Donald Lee Hollowell Pkwy NW
Atlanta, GA 30318
PRICE : $2,350,000
CAP RATE: 7%
PROPERTY TYPE: Retail
SITE SIZE: 2.60 Acres
BUILDING SIZE: 21,955 SF

Highlights

  • Value-Add retail investment sale in burgeoning Grove Park neighborhood, Atlanta
  • Two tenant, ± 21,955 SF building
  • National recession-resistant tenants of Family Dollar and DaVita Dialysis
  • Family Dollar recently renewed its lease through 12/31/2028
  • DaVita Dialysis is dark and seeking buy-out with a lease through 2/28/2027
  • DaVita’s situation provides immediate value-add potential and flexibility with timing
  • DaVita’s current base rent at $7.00/SF offers substantial mark-to-market potential
  • Excellent visibility, access and traffic counts at the intersection of two major thoroughfares
  • Dominant retail center and site in transitioning Grove Park neighborhood
  • Low basis at asking price ($107/SF and $904k/AC)
  • Covered land play: redevelopment potential of the 2.6-acre site as neighborhood improves
  • Outparcel vacant restaurant and auto repair buildings could also be purchased (bonus 0.64 acres)

Description

National Credit Tenant Value-Add Retail Investment | Grove Park Neighborhood | Atlanta, GA

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