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Little 5 Points Retail 1146 1148 1150 Euclid Avenue. NE. 8,250 SF 100% Leased Retail Building Atlanta, GA 30307 $2,047,000 ($248.12/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- Rare opportunity to purchase a three tenant property in the Little 5 Points area of Atlanta.
- The L5Ps area draws people from all over Atlanta due to the unique restaurants, bars and shops such as Euclid Yacht Club and The Vortex.
- Foreign Express is to the left with the black storefront, which is an urban clothing jewelry boutique, which benefits from basement storage.
- Approximately 200,000 people living within 3 miles, with income over $160,000 which is expected to grow to over $200,000 in the next 5 years
- Great location near the currently being redeveloped Findley Plaza, just off Moreland Avenue, making the immediate area a great gathering spot.
- Leases do not state a square footage. 8,250 SF is from the tax assessor.
EXECUTIVE SUMMARY
This offering is a rare opportunity to buy a retail property in the heart of Little 5 Points (L5P), leased to three tenants - Thai 5 & Sushi Bar, Urban Express Clothing Boutique, and NY Chopped Cheese Sandwich Shop. Properties in L5P rarely come to market, and there are rarely vacant spaces available.
The park in front is current being redeveloped, and this will allow for even more pedestrian flow past the shop spaces. There is street parking and also a parking lot behind the buildings. Many people come from all over Atlanta to shop and dine and drink and the fun and quirky establishments.
The Fulton County Tax Assessor has the the property at 8,250 total square feet. The suite to the left is an urban clothing and jewelry boutique with retail in the front and storage in the back and basement. The middle suite is an interior hall to the Thai 5& Sushi with the restaurant in the rear. NY Chopped Cheese is a new tenant in the suite to the right and is in process of building out their space.
The park in front is current being redeveloped, and this will allow for even more pedestrian flow past the shop spaces. There is street parking and also a parking lot behind the buildings. Many people come from all over Atlanta to shop and dine and drink and the fun and quirky establishments.
The Fulton County Tax Assessor has the the property at 8,250 total square feet. The suite to the left is an urban clothing and jewelry boutique with retail in the front and storage in the back and basement. The middle suite is an interior hall to the Thai 5& Sushi with the restaurant in the rear. NY Chopped Cheese is a new tenant in the suite to the right and is in process of building out their space.
PROPERTY FACTS Under Contract
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,250 SF
Building Class
C
Year Built
1965
Price
$2,047,000
Price Per SF
$248.12
Cap Rate
7%
NOI
$143,292
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
1.00
Lot Size
0.19 AC
Zoning
C-1 - Local Commercial District
Frontage
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE END
- Foreign Express Clothing Boutique
- Services
-
99,999 SF
-
$9.99
-
Jan 0000
- NY Chopped Cheese
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Jan 0000
- Thai 5 & Sushi
- Accommodation and Food Services
-
99,999 SF
-
$9.99
-
Jan 0000
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE END | ||
| Foreign Express Clothing Boutique | Services | 99,999 SF | $9.99 | Jan 0000 | ||
| NY Chopped Cheese | Accommodation and Food Services | 99,999 SF | $9.99 | Jan 0000 | ||
| Thai 5 & Sushi | Accommodation and Food Services | 99,999 SF | $9.99 | Jan 0000 |
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (85)
NEARBY MAJOR RETAILERS
1 of 6
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Little 5 Points Retail | 1146 1148 1150 Euclid Avenue. NE.
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