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28062302
29429493

1336 Glenwood Ave SE, Atlanta, GA 30316

Bull Realty
Bull Realty
Listed by Bull Realty
$1,715,000
217 days on market
Updated 134 days ago

NNN Retail Investment | East Atlanta Village | 5.6% Cap Rate

Details
Property Type Retail
Sub Type Coffee Shop
Square Footage 2,370
Cap Rate 5.60%
NOI $95,772
Occupancy 100%
Tenancy Single
Brand/Tenant Plants + Coffee, The Victorian
Lease Type NNN
Year Built 1925
Year Renovated 2020
Buildings 1
Acreage 0.230
Zoning NC-2
Parking Spaces 8 spaces
Parking Per SqFt 3.38
Investment Type Net Lease

NNN Retail Investment | East Atlanta Village | 5.6% Cap Rate | The Victorian Atlanta

Investment highlights

  • Property Highlights

  • Freestanding commercial building leased to The Victorian, a coffee shop and plant store concept

  • Beautiful 1925 Victorian home fully renovated and converted to coffee shop use by tenant in 2020

  • Modern & warm plant nursery with a rustic front patio | Lots of windows and natural light inside

  • The Victorian holds a 4.5 star google rating and is well-loved by the community

  • Awarded “Best of Atlanta 2021: Reader’s Choice” by Atlanta Magazine, “The Year of The Houseplant” on HGTV, & “The Most Unique Coffee Shop in ATL” on Jezebel Magazine

  • Recently extended lease through 2030 | Successful operating history at this location

  • Strong social media following & engagement from EAV’s young professional base

  • Tenant on true NNN lease | Allows for reimbursement of management and all CAPEX

  • 3% Annual escalations | 4% Base rent management expense reimbursement

  • ±0.23 Acres with 8 parking spaces - great for this concept in dense downtown area

  • Located in the heart of East Atlanta Village | vibrant, walkable, sought-after location

  • Popular for restaurants, nightlife, retail, and culture

  • Steps from famous hot spots Southern Feedstore, Argosy, and The Earl

  • Rapid home value growth | Average home prices almost $500k

    Nearby Locations

  • Beltline Trail (under 1 mile)

  • I-20 (2 minute drive)

  • Grant Park (5 minute drive)

  • Ormewood Park (5 minute drive)

  • Kirkwood (6 minute drive)

  • Downtown Atlanta (10 minute drive)

  • Inman Park (10 minute drive)

  • Krog Street Market (11 minute drive)

  • Ponce City Market (13 minute drive)

Listing Contacts

Bull Realty
Bull Realty
Listed by Bull Realty

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$95,772.00
$7,981.00/mo

Valuation Metrics

0
DSCR
5.58%
Cap Rate
5.58%
ROI

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