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NNN Retail Investment | 6.1% Cap Rate 1358 Glenwood Ave SE 3,340 SF Retail Building Atlanta, GA 30316 $1,999,000 ($598.50/SF) 6.08% Cap Rate
Investment Highlights
- Renovated in 2020 with modern industrial finishes and exposed brick
- Strong tenant performance and community engagement
- Surrounded by top retail, dining, and cultural destinations
- Located in East Atlanta Village, a high-demand walkable district
- 10 surface parking spaces—rare for the area
Executive Summary
• Freestanding building leased to fitness studio OxFit
• Adaptive reuse building with modern touches | Fully renovated by tenant in 2020
• Interior design blends modern industrial elements with warm finishes and exposed brick
• Gym features high ceilings, open layout, and floor-to-ceiling windows for natural light
• Tenant OxFit is loved by community and holds a 4.9 star Google rating
• Two intown Atlanta locations | 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 | 5% Base rent management expense reimbursement
• ±0.23 Acres | 10 Parking spaces - many for this 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
• Adaptive reuse building with modern touches | Fully renovated by tenant in 2020
• Interior design blends modern industrial elements with warm finishes and exposed brick
• Gym features high ceilings, open layout, and floor-to-ceiling windows for natural light
• Tenant OxFit is loved by community and holds a 4.9 star Google rating
• Two intown Atlanta locations | 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 | 5% Base rent management expense reimbursement
• ±0.23 Acres | 10 Parking spaces - many for this 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
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,340 SF
Building Class
C
Year Built/Renovated
1966/2020
Price
$1,999,000
Price Per SF
$598.50
Cap Rate
6.08%
NOI
$121,502
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.23 AC
Zoning
NC-2 - Neighborhood Commercial
Parking
10 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
85’ on Glenwood Ave
Amenities
- Bus Line
- Corner Lot
- Signage
Walk Score®
Very Walkable (83)
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-177-02-142 | Improvements Assessment | $252,288 |
| Land Assessment | $98,112 | Total Assessment | $350,400 |
Property Taxes
Parcel Number
15-177-02-142
Land Assessment
$98,112
Improvements Assessment
$252,288
Total Assessment
$350,400
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NNN Retail Investment | 6.1% Cap Rate | 1358 Glenwood Ave SE
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