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NNN Retail Investment | East Atlanta Village 1336 Glenwood Ave 2,370 SF Retail Building Atlanta, GA 30316 $1,715,000 ($723.63/SF) 5.50% Cap Rate
INVESTMENT HIGHLIGHTS
- Renovated 1925 Victorian home leased to award-winning coffee + plant shop
- Eight on-site parking spaces in a dense urban corridor
- Located in vibrant East Atlanta Village near top retail and nightlife
- Steps from Beltline Trail, I-20, and major Atlanta neighborhoods
EXECUTIVE SUMMARY
- Freestanding commercial building leased to The Victorian, a coffee shop and plant store concept
- Beautiful 1925 Victorian home fully renovated and converted to coffee shop use by tenant in 2020
- Modern & warm plant nursery with a rustic front patio | Lots of windows and natural light inside
- The Victorian holds a 4.5 star google rating and is well-loved by the community
- Awarded “Best of Atlanta 2021: Reader’s Choice” by Atlanta Magazine, “The Year of The Houseplant” on HGTV, & “The Most Unique Coffee Shop in ATL” on Jezebel Magazine
- Recently extended lease through 2030 | Successful operating history at this location
- Strong social media following & engagement from EAV’s young professional base
- Tenant on true NNN lease | Allows for reimbursement of management and all CAPEX
- 3% Annual escalations | 4% Base rent management expense reimbursement
- ±0.23 Acres with 8 parking spaces - great for this concept in dense downtown area
- Located in the heart of East Atlanta Village | vibrant, walkable, sought-after location
- Popular for restaurants, nightlife, retail, and culture
- Steps from famous hot spots Southern Feedstore, Argosy, and The Earl
-Rapid home value growth | Average home prices almost $500k
Nearby Locations
Beltline Trail (under 1 mile)
I-20 (2 minute drive)
Grant Park (5 minute drive)
Ormewood Park (5 minute drive)
Kirkwood (6 minute drive)
Downtown Atlanta (10 minute drive)
Inman Park (10 minute drive)
Krog Street Market (11 minute drive)
Ponce City Market (13 minute drive)
- Beautiful 1925 Victorian home fully renovated and converted to coffee shop use by tenant in 2020
- Modern & warm plant nursery with a rustic front patio | Lots of windows and natural light inside
- The Victorian holds a 4.5 star google rating and is well-loved by the community
- Awarded “Best of Atlanta 2021: Reader’s Choice” by Atlanta Magazine, “The Year of The Houseplant” on HGTV, & “The Most Unique Coffee Shop in ATL” on Jezebel Magazine
- Recently extended lease through 2030 | Successful operating history at this location
- Strong social media following & engagement from EAV’s young professional base
- Tenant on true NNN lease | Allows for reimbursement of management and all CAPEX
- 3% Annual escalations | 4% Base rent management expense reimbursement
- ±0.23 Acres with 8 parking spaces - great for this concept in dense downtown area
- Located in the heart of East Atlanta Village | vibrant, walkable, sought-after location
- Popular for restaurants, nightlife, retail, and culture
- Steps from famous hot spots Southern Feedstore, Argosy, and The Earl
-Rapid home value growth | Average home prices almost $500k
Nearby Locations
Beltline Trail (under 1 mile)
I-20 (2 minute drive)
Grant Park (5 minute drive)
Ormewood Park (5 minute drive)
Kirkwood (6 minute drive)
Downtown Atlanta (10 minute drive)
Inman Park (10 minute drive)
Krog Street Market (11 minute drive)
Ponce City Market (13 minute drive)
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
2,370 SF
Building Class
C
Year Built/Renovated
1925/2020
Price
$1,715,000
Price Per SF
$723.63
Cap Rate
5.50%
NOI
$94,325
Tenancy
Single
Building Height
1 Story
Building FAR
0.24
Lot Size
0.23 AC
Zoning
NC-2 - Neighborhood Commercial
Parking
8 Spaces (3.38 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 15-177-02-144 | Improvements Assessment | $284,560 |
| Land Assessment | $115,440 | Total Assessment | $400,000 |
PROPERTY TAXES
Parcel Number
15-177-02-144
Land Assessment
$115,440
Improvements Assessment
$284,560
Total Assessment
$400,000
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NNN Retail Investment | East Atlanta Village | 1336 Glenwood Ave
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