Listed by Lavista Associates
$2,950,000
Kirkwood Plaza
Details
Property Type Retail
Sub Type Shopping Center
Square Footage 8,636
Net Rentable (SqFt) 8,636
Units 3
NOI $21,082
Occupancy 25%
Tenancy Multi
Lease Type NNN
Lease Expiration 03/01/2028
Remaining Term 1.7
Rent Bumps Yes
Lease Options 2
Price per SqFt $342
Year Built 1945
Year Renovated 2008
Buildings 1
Stories 1
Acreage 0.349
Zoning C1
Investment Type Value Add
Ownership Fee Simple
Value add opportunity in the heart of Kirkwood
Marketing description
Kirkwood Plaza is a 8,636 SF building located on the main corridor of the Kirkwood Neighborhood in East Atlanta. The plaza sits in established single family and multifamily corridor with limited retail options. The existing tenant is an established Kirkwood business with a strong following. The vacant space was given back to the owner due the the venture capital fund that purchased the tenant dispossessing the entire pet portfolio. The 6,451 SF is currently demised into two suites.
Investment highlights
Necessity based retail
Strong area demographics
Island of retail in a residential hotspot
Extremely limited ability for new development
In town value add
Listing Contacts
Listed by Lavista Associates
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$21,082.00
$1,756.83/mo
Valuation Metrics
0
DSCR
0.71%
Cap Rate
0.71%
ROI
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