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Upscale Restaurant Investment - Prime Midtown 1620 Piedmont Ave NE 3,639 SF Retail Building Atlanta, GA 30324 $3,200,000 ($879.36/SF) 6.75% Cap Rate
INVESTMENT HIGHLIGHTS
- 5% Profit Share at $3.5 Million of Annual Sales With No Cap in Earnings; (ie; $4,000,000 x 5% = $200,000 to Landlord)
- Landlord and Tenant Have Invested an Estimated $1,200,000M Into the Location Including, But Not Limited to: Brand New Equipment, Face Lift, Etc
- Executive Chef, Jean Louis, Originates From Ivory Coast; He Pursued His Culinary Education in Paris and Has a Remarkable Background
- Two Personal Guaranties: $3,000,000+
- Estimated Value of $400,000 Included in Sale
- With High Foot Traffic, Versatile Layout, Modern Amenities and Historic Charm in an Established Neighborhood
EXECUTIVE SUMMARY
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,639 SF Upscale Restaurant Investment - Prime Midtown Location Located at 1620 Piedmont Avenue NE in Atlanta, GA. This Deal Includes Easy Access to Iconic Attractions Like the Renowned Atlanta Botanical Garden, Lenox Square and Phipps Plaza, as Well as the Buckhead District, Providing For a Unique Investment.
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 NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,639 SF
Building Class
C
Year Built/Renovated
1930/2023
Price
$3,200,000
Price Per SF
$879.36
Cap Rate
6.75%
NOI
$216,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.28
Lot Size
0.30 AC
Zoning
RLC - Residential Limited Commercial
Parking
22 Spaces (6.05 Spaces per 1,000 SF Leased)
Frontage
62’ on Piedmont Ave
AMENITIES
- Bus Line
- Signage
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Naas Milan, LLC
- Accommodation and Food Services
- 3,639 SF
- $58.00
- Triple Net
- Apr 2025
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Naas Milan, LLC | Accommodation and Food Services | 3,639 SF | $58.00 | Triple Net | Apr 2025 |
Walk Score®
Very Walkable (80)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-0056-0012-026-8 | Improvements Assessment | $387,600 |
| Land Assessment | $172,680 | Total Assessment | $560,280 |
PROPERTY TAXES
Parcel Number
17-0056-0012-026-8
Land Assessment
$172,680
Improvements Assessment
$387,600
Total Assessment
$560,280
CONTACTS
-
Dustin Saboorian -
Munir Meghjani -
Rahill Lakhani -
Andrew Ackerman -
Sands Investment Group Atlanta, LLC
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Upscale Restaurant Investment - Prime Midtown | 1620 Piedmont Ave NE
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