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Two-Tenant Neighborhood Retail Building 1188 McLendon Ave NE 3,308 SF 100% Leased Retail Building Atlanta, GA 30307 $1,965,000 ($594.01/SF) 5.56% Cap Rate
EXECUTIVE SUMMARY
• Two-tenant neighborhood retail building in the heart of Little Five Points
• Both tenants have been in place since 2016 | 9-year operating history at this location
• Commoner Salon is beautifully renovated with industrial charm & holds a 4.9 Google rating
• Xhale City is one of the largest vape & CBD outlets with 30 Atlanta locations and over 50 across Georgia
• True NNN lease structure | Allows for reimbursement of CAPEX and management
• Hands-off lease structure | Extremely minimal landlord responsibilities
• ±3,308 SF | High ceilings | Abundant natural light with 18 skylights
• Prominent visibility from both McLendon Ave SE and Moreland Ave NE
• Strong Foot Traffic & Walkability to nearby Inman Park & Candler Park
• Easy drive to Virginia Highlands, Edgewood, and Krog Street Market
• Both tenants have been in place since 2016 | 9-year operating history at this location
• Commoner Salon is beautifully renovated with industrial charm & holds a 4.9 Google rating
• Xhale City is one of the largest vape & CBD outlets with 30 Atlanta locations and over 50 across Georgia
• True NNN lease structure | Allows for reimbursement of CAPEX and management
• Hands-off lease structure | Extremely minimal landlord responsibilities
• ±3,308 SF | High ceilings | Abundant natural light with 18 skylights
• Prominent visibility from both McLendon Ave SE and Moreland Ave NE
• Strong Foot Traffic & Walkability to nearby Inman Park & Candler Park
• Easy drive to Virginia Highlands, Edgewood, and Krog Street Market
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,308 SF
Building Class
C
Year Built/Renovated
1925/2016
Price
$1,965,000
Price Per SF
$594.01
Cap Rate
5.56%
NOI
$109,258
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.84
Lot Size
0.09 AC
Zoning
NC-1
AMENITIES
- Signage
- Skylights
Walk Score®
Walker's Paradise (91)
Bike Score®
Very Bikeable (86)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 15-240-03-045 | Improvements Assessment | $151,471 |
| Land Assessment | $22,634 | Total Assessment | $174,105 |
PROPERTY TAXES
Parcel Number
15-240-03-045
Land Assessment
$22,634
Improvements Assessment
$151,471
Total Assessment
$174,105
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Two-Tenant Neighborhood Retail Building | 1188 McLendon Ave NE
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