$2,250,000 USD
770-501-3007
122 Cleveland Ave SW
Atlanta, GA 30315
Southeast Atlanta
HIGHLIGHTS
- The center totals 11,842 SF and is fully leased to 5 tenants with no current vacancy, providing investors with immediate in-place cash flow.
- Tenancy includes a government-supported vocational hair school (Profile Institute), neighborhood beauty supply, food catering user, and more.
- Plaza Hispana is located less than 10 minutes south of Downtown Atlanta via the I-75/I-85 Downtown Connector, providing strong regional connectivity.
- The property is a single-story strip center with multiple bays, on-site surface parking (roughly 70 spaces, or about 5.9 spaces per 1,000 SF).
- Offered well below replacement cost with a PSF just over $190, giving investors an attractive basis relative to the cost of ground-up construction.
OVERVIEW
Sands Investment Group is pleased to exclusively offer for sale the 11,842 SF Plaza Hispana located at 122 Cleveland Avenue SW in Atlanta, GA. This fully occupied strip center offers immediate, stable cash flow through a diversified mix of 5 service-oriented and experiential tenants, eliminating single-tenant exposure while reducing susceptibility to e-commerce disruption. Located less than 10 minutes from Downtown Atlanta, the property benefits from excellent regional connectivity, strong surrounding demographics, and convenient access to the city's major employment centers.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
FOR SALE DETAILS
PRICE
$2,250,000 USD
PRICE/SF
$190 USD /SF
CAP RATE
7.78%
% LEASED
-
TENANCY
Multiple
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Plaza Hispana - Atlanta, GA
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Storefront Retail/Office
ADD'L SUBTYPES
Storefront, Supermarket
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
2001
SPRINKLERS
-
PARKING SPACES
70
LAND DETAILS
LAND ACRES
0.69 AC
LAND SF
30,056 SF
ZONING
C-1
APN/PARCEL ID
14-0068-0005-002-1
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
770-501-3007
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
770-501-3007
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
