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NNN Lease | $152,398 NOI | 5.8% Cap Rate 350 SE Memorial Dr 3,130 SF Retail Building Atlanta, GA 30312 $2,650,000 ($846.65/SF) 5.75% Cap Rate
EXECUTIVE SUMMARY
• Full-service restaurant in flourishing Grant Park neighborhood
• Second location for tenant DAS BBQ, open since 2020
• First location open and operating in West Midtown since 2016
• 10-Year lease goes through end of 2030 + two 5-year extensions
• True NNN Lease | 3% Annual base rent escalations
• Adaptive-reuse former Harp Transmission building
• Beautifully redesigned property balances modern touches while thoughtfully preserving past architectural details
• ±3,130 SF Restaurant | Large Covered Patio | 178 Interior Occupancy
• ±0.395 Acre rectangular parcel | Maxed out with outdoor patio and event space
• Family friendly, pet friendly vibe with live music and events
• 12 Parking spaces, but open patio and bar area covers 7 of them
• Monument sign showcasing to Memorial Drive’s ±20,630 vehicles per day
• Large park and recreational spaces on both sides of property
• Abundant free street parking and other parking areas adjacent
• Walkable area | Thousands of new/newer apartments in immediate area
• Adjacent to Oakland Cemetery, a ±48-acre destination with year-round events for tourists and locals.
• One mile west of the Eastside Beltline Trail and Madison Yards
• Walkable to booming neighborhoods of Summerhill, Reynoldstown, Old Fourth Ward, and South Downtown
• Located on major arterial road | Synergy with many other nearby restaurants
• 1 Mile from Eastside Beltline Trail | 1500’ Off major I-20 highway exit
• Second location for tenant DAS BBQ, open since 2020
• First location open and operating in West Midtown since 2016
• 10-Year lease goes through end of 2030 + two 5-year extensions
• True NNN Lease | 3% Annual base rent escalations
• Adaptive-reuse former Harp Transmission building
• Beautifully redesigned property balances modern touches while thoughtfully preserving past architectural details
• ±3,130 SF Restaurant | Large Covered Patio | 178 Interior Occupancy
• ±0.395 Acre rectangular parcel | Maxed out with outdoor patio and event space
• Family friendly, pet friendly vibe with live music and events
• 12 Parking spaces, but open patio and bar area covers 7 of them
• Monument sign showcasing to Memorial Drive’s ±20,630 vehicles per day
• Large park and recreational spaces on both sides of property
• Abundant free street parking and other parking areas adjacent
• Walkable area | Thousands of new/newer apartments in immediate area
• Adjacent to Oakland Cemetery, a ±48-acre destination with year-round events for tourists and locals.
• One mile west of the Eastside Beltline Trail and Madison Yards
• Walkable to booming neighborhoods of Summerhill, Reynoldstown, Old Fourth Ward, and South Downtown
• Located on major arterial road | Synergy with many other nearby restaurants
• 1 Mile from Eastside Beltline Trail | 1500’ Off major I-20 highway exit
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,130 SF
Building Class
C
Year Built/Renovated
1930/2020
Price
$2,650,000
Price Per SF
$846.65
Cap Rate
5.75%
NOI
$152,398
Tenancy
Single
Building Height
1 Story
Building FAR
0.18
Lot Size
0.40 AC
Zoning
SP1-22 SA2
Parking
5 Spaces (1.6 Spaces per 1,000 SF Leased)
AMENITIES
- Pylon Sign
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (74)
Bike Score®
Very Bikeable (72)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 14-0045-0008-059-6 | Improvements Assessment | $171,720 |
| Land Assessment | $87,520 | Total Assessment | $259,240 |
PROPERTY TAXES
Parcel Number
14-0045-0008-059-6
Land Assessment
$87,520
Improvements Assessment
$171,720
Total Assessment
$259,240
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NNN Lease | $152,398 NOI | 5.8% Cap Rate | 350 SE Memorial Dr
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