1954 Westside Blvd
Atlanta, GA 30318
10 Yr NNN Leased Luxury Corporate Housing · Specialty Property For Sale · 2,267 SF

Invest in this newly renovated 3 bedroom / 2 bath corporate housing unit! The property is being offered under a 10-year NNN-Leased performance lease. Third party analytics are projecting that this asset will give the new owner of this property $84,067.00 annually with no management issues. The property and all major systems are newly renovated. Landlord only pays for yearly taxes & insurance, while the long-term Tenant operates the asset and pays for all upkeep and general maintenance, property consumables, furnishings for the asset, and all cleaning & grounds keeping. This is a sale/lease back of a corporate housing unit. The company will be selling the property to new owners with a fresh ten (10) year NNN lease. The tenant is Mt. Royal Vacations. Mt Royal Vacations is Georgia's first boutique corporate housing company to combine vacation rental and corporate housing operations to increase occupancy rates and property income ratios. In its c This is a sale/lease back of a corporate housing unit. The company will be selling the property to new owners with a fresh ten (10) year net lease. The tenant is Mt. Royal Vacations. Mt Royal Vacations is Georgia's first boutique corporate housing company to combine vacation rental and corporate housing operations to increase occupancy rates and property income ratios. In its corporate housing operations, the company primarily places clients from the entertainment, aviation and insurance housing industries. The company is committed to Staying on the cutting edge of the property management operations- and is the first private investment backed corporate housing company to pioneer the introduction of sale/lease back transactions to the corporate housing market. The company's mix of clients delivers a strong ROI and incredible cash flow from it's properties on a per sq. foot basis. This charming property is located in West Midtown. Easy access to I-285, 75, Midtown, Vinings and Buckhead. Well maintained and close proximity to city amenities. The asset is in a hot new area with major development all around it. Major national tenants are all around the asset including newly developed Publix, Target, and many others. Strong demographics and room for appreciation for the property's new owner. Located in the newly developed West Side Station development, the area's newest lifestyle urban infill development. Located in Atlanta’s most in-demand area, West Midtown – this neighborhood of Westside homes and townhomes offers style and charm. Midtown is a busy commercial area and a vibrant arts hub. The High Museum of Art shows world-renowned works in a striking modern building, while Margaret Mitchell House offers tours of the former home of the “Gone With the Wind” author. Peachtree Street is a hotspot for comedy, bars and big-name shops, with eating options ranging from street food to fine dining. Large, leafy Piedmont Park offers walking trails. West Midtown, also known as Westside, is a colloquial area, comprising many historical neighborhoods located in Atlanta, Georgia. Once largely industrial, West Midtown is now the location of urban lofts, art galleries, live music venues, retail and restaurants. Much of Atlanta's industrial and Civil War history occurred in the area now known as West Midtown. Several buildings still in use today are located next to the historic Norfolk Southern rail lines General Sherman used when he invaded Atlanta in 1864. In 1881, the International Cotton Exposition was held at the north end of the corridor, for which the Exposition Cotton Mills were built. Mule-pulled trolleys brought workers starting in 1882, and these became electrified in 1894. The Huff House, which stood on Huff Road, was the oldest house standing in the city when it was demolished in 1954. Blandtown, located along Huff Road, was one of the first black settlements around Atlanta after the Civil War. The community went into decline in the 1950s, such that by the 1990s, the once-residential neighborhood was rezoned to strictly industrial usage. The Marietta Street corridor continued as an industrial and warehouse area, though starting in the 1960s, the commercial strip along Marietta Street suffered with suburbanization. In the 1990s, several adaptive reuse projects were initiated (Hasting's Seed Company, The Carriage Works, King Plow Arts Center, and the Allied Warehouse), signaling the renaissance of the area. Once a largely abandoned industrial area, West Midtown has seen large amounts of gentrification and infill, with an eclectic mix of new lofts, restaurants, shops, art galleries, salons and professional firms. However, the loft-style industrial feel of the neighborhood has been retained, as most of the new developments are restorations of once-neglected factories or warehouses that date back to the 1880s. West Midtown has also become a popular location for the offices of high-tech companies seeking the open floor plans and loft office space, including the Atlanta offices of Facebook, located at Brickworks. West Midtown is a popular stop for food lovers due to the fact that some of Atlanta’s trendiest high-end restaurants are located in the district. Many of West Midtown's dining establishments have garnered national attention and favor with local foodies such as Bacchanalia, Abattoir, Miller Union, Bocado, and The Optimist, chef Ford Fry's seafood restaurant. In 2012, the Atlanta Food Truck Park opened in West Midtown at Howell Mill Road's intersection with I-75. West Midtown's retail options, which includes Sid Mashburn, Ann Mashburn, Toscano & Sons Italian Market, Room & Board, Whipstitch Fabrics, Redefined Home, The Gear Revival, Anthropologie, Hop City Craft Beer and Wine, Wired and Fired, Lululemon Athletica, Verde Home and Free People, make the area a regional shopping destination. Huff Road forms a ribbon of wholesale and retail home furnishings stores in addition to residential complexes and restaurants. West Midtown has an arts scene that rivals Midtown, Atlanta's premier arts district. However, unlike Midtown, which is focused more on classical art, West Midtown is home to an "ad hoc group of contemporary art galleries that have styled themselves as a more intellectual alternative." Prominent art galleries include Saltworks Gallery, which shows works by both local and international artists; the Sandler Hudson Gallery, which has represented contemporary artists since 1989; the Emily Amy Gallery, known for emerging artists from across the country; and the Jennifer Schwartz Gallery, known for fine art photography with regular rotating exhibitions. These art galleries sponsor a monthly art walk through the neighborhood known as the West Side Arts District Art Walk. The 3rd Saturday of every month.[35] West Midtown is also home to three arts centers: the Goat Farm Arts Center, the Westside Cultural Arts Center and the King Plow Arts Center. Also located within the neighborhood is the Atlanta Contemporary Art Center.