4681 Ashford Dunwoody Rd
Atlanta, GA 30338
Building B · Retail Property For Sale

Marcus & Millichap has been selected to exclusively market for sale the Fogo de Chao a 8,500-square-foot single tenant trophy retail property located in the Perimeter Center submarket of Atlanta. The newly constructed single story retail property was built in 2016 on 1.4 acres. Fogo de Chao, an internationally known Brazilian restaurant chain with 37 additional corporately owned locations worldwide, has executed a new 15-year triple net ground lease. The lease provides for 10% increases every five years including each of the 4, 5-yr renewal options. There are limited landlord responsibilities as tenant is responsible for taxes, insurance, maintenance, roof and structure. Fogo de Chao, Inc. is a United States holding company. The Firm operates Brazilian churrascaria steakhouses under the brand of Fogo de Chao. The Firm is specialized in fire-roasting meats utilizing the Southern Brazilian cooking technique of churrasco. It delivers Brazilian dining experience through the combination of its Brazilian cuisine and its service model known as espeto corrido delivered by its gaucho chefs. The company has a market cap of over $340 million. Fogo De Chao is located within walking distance of Perimeter Mall, an upscale super-regional shopping mall in Dunwoody, Georgia with over 200 stores and 4 anchor stores that include Nordstrom, Macy’s, Von Maur and Dillard’s. The Perimeter Center Market consists of over 6 million square feet of retail/restaurant space including the mall which contains 1.6 million square feet. Perimeter Mall is the second-largest shopping mall in the state of Georgia and is served by Atlanta’s rapid transit provider MARTA and is easily accessible to/from the Subject property. Fogo De Chao is within the heart of Perimeter Center, a modern edge city and neighborhood of high-rise office buildings, condos, multi-family, restaurants and shopping which includes the counties of DeKalb and Fulton along with the city of Sandy Springs. The overall market is located just north of Atlanta, near the highway interchange of Interstate 285 (the “Perimeter” for which the mall was named) and Georgia 400.