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464B-466 Edgewood Ave 5,708 SF 100% Leased Retail Building Atlanta, GA 30312 $1,900,000 ($332.87/SF) 4.10% Cap Rate



Investment Highlights
- Fully leased to an award-winning theatre and cabaret operator with strong guarantors.
- Recent capital improvements, including new HVAC and TPO roof replacement.
- Nine years remaining on an existing NNN lease with 3.5% annual increases.
- Located in Old Fourth Ward, one of Atlanta’s most dynamic entertainment and retail districts.
Executive Summary
This fully leased ±4,207 SF property is located on Edgewood Avenue in Atlanta’s vibrant Old Fourth Ward, one of the city’s most active entertainment and retail corridors. The asset is secured by a long-term NNN lease with an established, award-winning theatre and cabaret operator, backed by high-net-worth guarantors. With nine years remaining on the lease and 3.5% annual rent escalations, the property offers stable, predictable income for investors.
Recent capital improvements include a new HVAC system and TPO roof replacement, reducing near-term maintenance risk. The property is part of a three-unit condominium structure, with shared elements managed by a small association for efficient common area oversight. Positioned in a high-demand intown location, the property benefits from strong fundamentals, including proximity to major attractions, dense residential growth, and a thriving nightlife scene.
Recent capital improvements include a new HVAC system and TPO roof replacement, reducing near-term maintenance risk. The property is part of a three-unit condominium structure, with shared elements managed by a small association for efficient common area oversight. Positioned in a high-demand intown location, the property benefits from strong fundamentals, including proximity to major attractions, dense residential growth, and a thriving nightlife scene.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
5,708 SF
Building Class
C
Year Built
1920
Price
$1,900,000
Price Per SF
$332.87
Cap Rate
4.10%
NOI
$77,947
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.42
Lot Size
0.31 AC
Zoning
OI, Atlanta - Office - Institutional
Parking
26 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Bus Line
- Signalized Intersection
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
70/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 14-0046-0011-089-7 | Improvements Assessment | $284,160 |
| Land Assessment | $133,600 | Total Assessment | $417,760 |
Property Taxes
Parcel Number
14-0046-0011-089-7
Land Assessment
$133,600
Improvements Assessment
$284,160
Total Assessment
$417,760
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464B-466 Edgewood Ave
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