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Plaza Hispana - Atlanta, GA 122 Cleveland Ave SW 11,842 SF 100% Leased Retail Building Atlanta, GA 30315 $2,250,000 ($190.00/SF) 7.78% Cap Rate
Investment Highlights
- The center totals 11,842 SF and is fully leased to 5 tenants with no current vacancy, providing investors with immediate in-place cash flow.
- Plaza Hispana is located less than 10 minutes south of Downtown Atlanta via the I-75/I-85 Downtown Connector, providing strong regional connectivity.
- Offered well below replacement cost with a PSF just over $190, giving investors an attractive basis relative to the cost of ground-up construction.
- Tenancy includes a government-supported vocational hair school (Profile Institute), neighborhood beauty supply, food catering user, and more.
- The property is a single-story strip center with multiple bays, on-site surface parking (roughly 70 spaces, or about 5.9 spaces per 1,000 SF).
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 11,842 SF Plaza Hispana located at 122 Cleveland Avenue SW in Atlanta, GA. This fully occupied strip center offers immediate, stable cash flow through a diversified mix of 5 service-oriented and experiential tenants, eliminating single-tenant exposure while reducing susceptibility to e-commerce disruption. Located less than 10 minutes from Downtown Atlanta, the property benefits from excellent regional connectivity, strong surrounding demographics, and convenient access to the city's major employment centers.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
11,842 SF
Building Class
C
Year Built
2001
Price
$2,250,000
Price Per SF
$190.00
Cap Rate
7.78%
NOI
$175,087
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.69 AC
Zoning
C-1
Parking
70 Spaces (5.91 Spaces per 1,000 SF Leased)
Frontage
147’ on Cleveland Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Adult Care Center
- Educational Services
- 2,500 SF
- -
- Jun 2029
- Beauty Supply & Salon
- Professional, Scientific, and Technical Services
- 1,250 SF
- -
- Dec 2027
- Food Catering
- Accommodation and Food Services
- 1,250 SF
- -
- Jun 2031
- Profile Institute
- Educational Services
- 3,500 SF
- -
- Oct 2027
- Theater & Comedy Club
- Arts, Entertainment, and Recreation
- 3,342 SF
- -
- Dec 2030
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Adult Care Center | Educational Services | 2,500 SF | - | Jun 2029 | ||
| Beauty Supply & Salon | Professional, Scientific, and Technical Services | 1,250 SF | - | Dec 2027 | ||
| Food Catering | Accommodation and Food Services | 1,250 SF | - | Jun 2031 | ||
| Profile Institute | Educational Services | 3,500 SF | - | Oct 2027 | ||
| Theater & Comedy Club | Arts, Entertainment, and Recreation | 3,342 SF | - | Dec 2030 |
Fairly walkable
50/100
Exceptionally drivable
100/100
Some public transit
40/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-0068-0005-002-1 | Improvements Assessment | $454,440 |
| Land Assessment | $61,400 | Total Assessment | $515,840 |
Property Taxes
Parcel Number
14-0068-0005-002-1
Land Assessment
$61,400
Improvements Assessment
$454,440
Total Assessment
$515,840
Contacts
-
Munir Meghjani -
Rahill Lakhani -
Andrew Ackerman -
Sands Investment Group Atlanta, LLC
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