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24231908
30025479

845 Flat Shoals Avenue SE, Atlanta, GA 30316

Bull Realty
Bull Realty
Listed by Bull Realty
$1,289,000
348 days on market
Updated 97 days ago

Two-Tenant Food & Beverage Building | 7.1% Cap Rate

Details
APN 15 146 12 036
Property Type Retail
Sub Type Bar, Restauraunt
Square Footage 2,615
Units 2
Cap Rate 7.10%
NOI $91,733
Occupancy 100%
Tenancy Multi
Brand/Tenant Mercer Street Meals, The Brunch at East Atlanta
Lease Type NNN
Price per SqFt $493
Year Built 1959
Year Renovated 2024
Buildings 1
Stories 1
Acreage 0.213
Zoning NC-16
Parking Spaces 10 spaces
Parking Per SqFt 3.82

Two Tenant Food & Beverage Building | 7.1% Cap Rate

Investment highlights

  • 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

  • The Brunch’s lease is coming up for renewal | Beautiful ±1,980 SF full-service restaurant space with bar (see page 9)

  • Opportunity to increase rent, re-tenant, or occupy the space

  • New User would receive ~$30,000 in revenue from co-tenant

  • 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

Listing Contacts

Bull Realty
Bull Realty
Listed by Bull Realty

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$91,733.00
$7,644.42/mo

Valuation Metrics

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DSCR
7.12%
Cap Rate
7.12%
ROI

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