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29806177
29806178

1723 Lakewood Ave SE, Atlanta, GA 30315

BM
GA 263081
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta
$2,279,798
107 days on market
Updated 107 days ago

Family Dollar

Details
Property Type Retail
Sub Type Storefront, Dollar Store
Square Footage 9,180
Cap Rate 8%
NOI $182,384
Tenancy Single
Brand/Tenant Family Dollar
Lease Type NNN
Lease Term 15
Lease Expiration 03/31/2031
Remaining Term 4.8
Rent Bumps Yes
Lease Options 6, 5-Year Options
Price per SqFt $248
Broker Co-Op Yes
Year Built 2015
Acreage 1.170
Investment Type Net Lease
Lease Commencement 04/01/2016
Ground Lease No

Corporate Fee-Simple | Strong Placer Data (81st U.S./85th GA) | All Brick Construction

Investment highlights

  • Absolute NNN Corporately Guaranteed Fee-Simple Lease with Family Dollar- Family Dollar, established in 1959 currently operates over 8,000 locations across the U.S.

  • Strong placer.ai stats- over 148,000 visitors the past 12 months ranking this location in the 81st percentile nationally and 85th percentile in Georgia (#50 out of 327 locations)

  • Rental increases of 10% throughout each of the six (6), five (5) year option periods

  • Near the signalized intersection of Lakewood Avenue and State Highway 54- ADT of over 25,000 cars/day

  • Located less than a half-mile from the world renowned Ron Clark Academy (RCA)- RCA is demonstration school, a place where visiting educators engage in a vibrant professional development experience by observing best practices in action before participating in hands-on workshops- in the past 16 years, over 150,000 superintendents, district level administrators, and teachers have participated in the RCA experience to learn better ways to engage students, promote academic excellence, build relationships, and create a positive climate and culture

  • Downtown Atlanta location- located just 5 miles South of Downtown Atlanta- Atlanta is home to one of nation’s top markets for Fortune 500 companies including UPS, Delta, Coca-Cola, & Home Depot- current population of approximately 6.3 million people and home of the world’s busiest airport by passenger volume (Hartsfield-Jackson)

  • In 2024 Atlanta’s employment growth ranked 18th out of 53 major markets and over the last five years Atlanta has added nearly 230,000 new job positions

  • Densely populated and affluent market- Over 280,000 residents within 5 miles of the subject property (expected growth rate of over 3.0% over the next five years) with an Average Household Income of over $96,000

  • All-brick 2015 construction- 9,180 total SF

  • Large lot size of 1.17 acres

Listing Contacts

BM
GA 263081
Marcus & Millichap - Atlanta
Listed by Marcus & Millichap - Atlanta

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$182,384.00
$15,198.67/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
John Leonard
License
GA 252904
Brokerage
Marcus & Millichap
Brokerage Phone
(678) 808-2700
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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