| PRICE : | $2,500,000 |
|---|---|
| CAP RATE: | 6.6% |
| 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 ($114/SF and $961k/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
