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Food & Beverage Building | 7.0% Cap Rate 845 Flat Shoals Rd 2,615 SF 100% Leased Retail Building Atlanta, GA 30316 $1,289,000 ($492.93/SF) 7% Cap Rate
Executive Summary
• Two-tenant food and beverage building in thriving East Atlanta
• Chef Lance Gummere of Mercer Street Meals awarded “Top 10 Most Memorable Restaurants” and “Most Anticipated New Restaurant” and has a 4.9 Google rating
• The Brunch At East Atlanta has a brand new restaurant and bar buildout and a 4.3 Google Rating
• True NNN leases | Allows for reimbursement of CAPEX and management
• Hands off lease structure | Very minimal landlord responsibilities | 3% and 5% Escalations
• Fantastic visibility and corner parcel on busy Flat Shoals Road | (± 6,410 VPD)
• Freestanding building with surface lot | 10 Parking spaces
• Surrounded by brand new townhomes in the $600,000s
• Less than a mile from East Atlanta Village, Moreland Ave and I-20 exit Flat Shoals Road
• Chef Lance Gummere of Mercer Street Meals awarded “Top 10 Most Memorable Restaurants” and “Most Anticipated New Restaurant” and has a 4.9 Google rating
• The Brunch At East Atlanta has a brand new restaurant and bar buildout and a 4.3 Google Rating
• True NNN leases | Allows for reimbursement of CAPEX and management
• Hands off lease structure | Very minimal landlord responsibilities | 3% and 5% Escalations
• Fantastic visibility and corner parcel on busy Flat Shoals Road | (± 6,410 VPD)
• Freestanding building with surface lot | 10 Parking spaces
• Surrounded by brand new townhomes in the $600,000s
• Less than a mile from East Atlanta Village, Moreland Ave and I-20 exit Flat Shoals Road
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,615 SF
Building Class
C
Year Built/Renovated
1959/2024
Price
$1,289,000
Price Per SF
$492.93
Cap Rate
7%
NOI
$90,230
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.21 AC
Zoning
NC-16 - Neighborhood Commercial
Parking
10 Spaces (3.82 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Wheelchair Accessible
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-146-12-036 | Improvements Assessment | $46,360 |
| Land Assessment | $60,000 | Total Assessment | $106,360 |
Property Taxes
Parcel Number
15-146-12-036
Land Assessment
$60,000
Improvements Assessment
$46,360
Total Assessment
$106,360
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Food & Beverage Building | 7.0% Cap Rate | 845 Flat Shoals Rd
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