1936-1940 Moores Mill Rd NW 5,125 SF Retail Building Atlanta, GA 30318 $2,750,000 ($536.59/SF) 7.13% Cap Rate
EXECUTIVE SUMMARY
Atlantic Capital Partners has been engaged to solicit offers for the sale of The Village Vets in Atlanta, Georgia. This 5,125 SF single tenant building has been 100% occupied by The Village Vets since 2019 on a 10-year lease that runs through 2029. Tenant has invested over $850,000 toward property improvements showing long term commitment to the site. The lease features 3% annual increases and includes two (2), five (5) year options at Fair Market Value.
Situated at 1940 Moores Mill Road, the property features an excellent location as the surrounding trade area has undergone massive redevelopment in recent years. Notable projects include The Westlight (172 units), Luna (345 units) and the immediate trade area features a Publix (ranked in the top 80% in GA by Placer.ai).
Situated at 1940 Moores Mill Road, the property features an excellent location as the surrounding trade area has undergone massive redevelopment in recent years. Notable projects include The Westlight (172 units), Luna (345 units) and the immediate trade area features a Publix (ranked in the top 80% in GA by Placer.ai).
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,125 SF
Building Class
C
Year Built/Renovated
1965/2019
Price
$2,750,000
Price Per SF
$536.59
Cap Rate
7.13%
NOI
$196,132
Tenancy
Single
Building Height
1 Story
Building FAR
0.27
Lot Size
0.43 AC
Zoning
C1 - Commercial (NEC)
Parking
20 Spaces (3.9 Spaces per 1,000 SF Leased)
Frontage
211’ on Moores Mill Rd
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 17-0230-0007-009-0 | Improvements Assessment | $179,200 |
| Land Assessment | $154,400 | Total Assessment | $333,600 |
CONTACTS
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Eric Suffoletto -
Teddy Driscoll -
Fred Victor -
Danny Griffin -
Matt Austin -
Atlantic Capital Partners
