476-486 Edgewood Ave
Neighborhood Street Retail with Upside, Walkable to Atlanta Beltline
Marketing description
476-486 Edgewood Ave is an 11,464 SF neighborhood street retail asset located on the bustling corner of Edgewood Ave and Boulevard NE in the vibrant Historic Old Forth Ward neighborhood. Strategically situated minutes away from the Atlanta Beltline Eastside Trail and Krog Street Market with over two million annual visitors, 476-486 Edgewood Ave performs as a true walkable neighborhood center catering to the residents and patrons of the Historic Old Fourth Ward District. Boasting a 96 Walk Score and 85 Bike Score, the asset will continue to benefit from its prime corner location in one of Atlanta's most desirable infill neighborhoods known for it's vibrant food and beverage scene, enriched culture and walkability.
The Property is currently 60% leased and includes local staples Handle Bar, Edgewood Pizza, and Slutty Vegan. 476-486 Edgewood Ave features a fully renovated ±4,590 second story loft space that is primed for a retail, an art gallery or creative office space that will feed off the eclectic synergies of the neighborhood. The three tenants (Handle Bar, Edgewood Pizzeria and Slutty Vegan) have attractive annual embedded rental increases offering an investor outsized cashflow growth paired with the immediate upside opportunity in leasing the lone vacancy.
The asset is being offered for sale simultaneously with three other assets 619 Edgewood Ave, 521-537 Edgewood Ave, and 560 Edgewood Ave. Ownership will accept offers on an individual property and/or sub-portfolio or portfolio basis.
Investment highlights
- Embedded Rent Increases = Steady Cash Flow Growth:
- Parking Revenue Potential via 16 Boulevard SE Leasehold Interest
- Upside Via Lease Up
- Urban Real Estate with Dominant Position in Heart of Edgewood
- Minutes Away from Atlanta Beltline Eastside Trail
- Strong Surrounding Demographics with Growing Residential Base
- The asset is being offered for sale simultaneously with three other assets 619 Edgewood Ave, 521-537 Edgewood Ave, and 560 Edgewood Ave. Ownership will accept offers on an individual property and/or sub-portfolio or portfolio basis.
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