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Laventure Square 3292 Laventure Dr 6,960 SF 100% Leased Retail Building Atlanta, GA 30341 $2,650,000 ($380.75/SF) 7.50% Cap Rate



INVESTMENT HIGHLIGHTS
- Prime retail center with 100% occupancy and triple net leases
- Excellent location near Buford Highway and I-285
- Strong retail and event demand in a high-traffic corridor
- Growing NOI with built-in rental escalations across all tenants
- Recent capital improvements including roof, HVACs, and exterior paint
- Diverse, expanding submarket with robust commercial activity
EXECUTIVE SUMMARY
Located in the heart of Chamblee’s dynamic Buford Highway corridor, this ±6960 SF freestanding retail center presents a rare investment opportunity with full occupancy and triple net leases in place. The property is home to three established tenants—a café, restaurant/lounge, and event venue—each operating under 3-year terms with built-in rental escalations. Year-one net operating income is projected at $199,200, with all operating expenses reimbursed by tenants, delivering a strong 7.5% cap rate and growing returns over time.
Recent capital improvements include a new roof (installed 3 years ago), four replaced HVAC units, and a full exterior repaint completed 2 years ago. These upgrades reduce near-term maintenance exposure and enhance curb appeal. Strategically positioned near I-285 and Buford Highway, the site benefits from high visibility and accessibility, drawing consistent traffic from both local residents and commuters. Chamblee’s rapid growth, diverse demographics, and expanding commercial footprint further reinforce the asset’s long-term value.
The surrounding area is a vibrant mix of retail, residential, and cultural destinations, popular among young professionals and families. With residential values averaging $483K and commercial assets often exceeding $3M, this property is competitively priced at $2,650,000. Its location, tenant stability, and income growth potential make it a compelling choice for investors seeking durable cash flow in a forward-leaning submarket.
Recent capital improvements include a new roof (installed 3 years ago), four replaced HVAC units, and a full exterior repaint completed 2 years ago. These upgrades reduce near-term maintenance exposure and enhance curb appeal. Strategically positioned near I-285 and Buford Highway, the site benefits from high visibility and accessibility, drawing consistent traffic from both local residents and commuters. Chamblee’s rapid growth, diverse demographics, and expanding commercial footprint further reinforce the asset’s long-term value.
The surrounding area is a vibrant mix of retail, residential, and cultural destinations, popular among young professionals and families. With residential values averaging $483K and commercial assets often exceeding $3M, this property is competitively priced at $2,650,000. Its location, tenant stability, and income growth potential make it a compelling choice for investors seeking durable cash flow in a forward-leaning submarket.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
6,960 SF
Building Class
C
Year Built
2001
Price
$2,650,000
Price Per SF
$380.75
Cap Rate
7.50%
NOI
$198,750
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.20
Lot Size
0.78 AC
Zoning
C1 - C-1 (Neighborhood Commercial): Intended for limited retail and service uses serving nearby neighborhoods.
Parking
35 Spaces (5.03 Spaces per 1,000 SF Leased)
Frontage
131’ on Laventure Dr
AMENITIES
- Dedicated Turn Lane
- Signage
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
9,911
100,229
289,299
442,665
2029 Population
9,825
99,967
290,734
452,161
2024-2029 Projected Population Growth
-0.9%
-0.3%
0.5%
2.1%
Median Age
32.7
35.7
36.3
36.4
College Degree + Higher
19%
51%
54%
31%
Daytime Employees
7,923
51,907
217,630
456,091
Total Businesses
1,076
6,382
23,561
39,476
Average Household Income
$78,369
$114,473
$118,619
$121,423
Median Household Income
$47,741
$79,153
$84,827
$88,035
Total Consumer Spending
$81.1M
$1.3B
$4B
$5.8B
2024 Households
3,073
40,341
121,563
184,994
Average Home Value
$331,373
$495,555
$519,645
$568,432
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $385,000 | |
| Land Assessment | $219,600 | Total Assessment | $604,600 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$219,600
Improvements Assessment
$385,000
Total Assessment
$604,600
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Laventure Square | 3292 Laventure Dr
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