Shops at Howell Mill 1923 Howell Mill Rd NW 5,969 SF 100% Leased 4-Star Retail Building Atlanta, GA 30318 $3,458,000 ($579.33/SF) 7% Cap Rate
INVESTMENT HIGHLIGHTS
- HIGHLY ACCESSIBLE AND VISIBLE LOCATION
- DENSE DEMOGRAPHICS
- LOCATED IN A COMMERCIAL CORRIDOR
EXECUTIVE SUMMARY
- Each Tenant has rental increases throughout the base term and option periods
- Each lease is structured NNN, providing minimal landlord responsibility
HIGHLY ACCESSIBLE AND VISIBLE LOCATION
- Site is located off of busy Howell Mill Road NW (34.4K VPD)
- Positioned one tenth of a mile from busy connecting highway I-75 (218K VPD)
LOCATED IN A COMMERCIAL CORRIDOR
- Over 1.1MSF of Retail Space in a 1-mile radius
- National tenants include: Walgreens, Petco, Kroger, Ulta Beauty, and more| Site is surrounded by various high trafficked breweries
DENSE DEMOGRAPHICS
- More than 145k people live within a 3-mile radius of the subject site
- More than 365K people live in a 5-mile radius of the site
- Average household income within a mile of the site is over $155K which is almost double the national average of $80K
ATLANTA MSA
- The Shops at Howell Mill are strategically located five miles away from center city Atlanta, GA
- The Atlanta MSA is the most populous Metro Statistical Area in Georgia with over 6.18M people
HEAVY RESIDENTIAL PRESENCE
- Almost 5,000 units of Multifamily within a one mile radius of the shopping center
- Nearby Apartment Complexes include: The Howell - a 212 Unit complex across the street
- Millworks Apartments - a 345 unit complex across the street from the site
- Also located across the street from the site is the 256 Unit complex called the Bell Collier Village
PROPERTY FACTS
AMENITIES
- Freeway Visibility
- Restaurant
- Signage
- Storage Space
MAJOR TENANTS
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
- Feet Retreat
- Retailer
- 3,969 SF
- -
- Double Net
- -
-
- Accommodation and Food Services
- 2,000 SF
- -
- Double Net
- Oct 2032
Teriyaki Madness is a fast-casual restaurant concept serving up quality, fresh, healthy and flavorful Asian food in a high-vibe atmosphere. Through years of mastering marinating, grilling, and wok-ing, they were able to make bowls that are as hearty and delicious as they are healthy. Their food is made when you order. Always fresh, never frozen marinated and grilled meats and customizable bowls meant for delicious and healthier eating. They have a collection of sauces, made from scratch with the best ingredients so they can bring a one-of-a-kind teriyaki taste to each bowl at an affordable price. Teriyaki Madness brings teriyaki to a whole new level with a family friendly, neighborhood feel. Teriyaki Madness has amazing shop sales and profitability with a low investment cost. Managed by an experienced group of fast casual executives combined with a mature business system, paves the way for Teriyaki Madness’ growth. It’s safe to say they have the best bowls in the business!
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
| Feet Retreat | Retailer | 3,969 SF | - | Double Net | - | |
|
|
Accommodation and Food Services | 2,000 SF | - | Double Net | Oct 2032 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-0153-0008-044-9 | Improvements Assessment | $307,800 |
| Land Assessment | $385,040 | Total Assessment | $692,840 |
CONTACTS
-
David Hoppe -
Ben Olmstead -
Ben McCarter -
Atlantic Capital Partners
