1336 Glenwood Ave - Restaurant FOR SALE


Atlanta, GA 30316- East Atlanta
$1,715,000 USD
770-598-6212
1336 Glenwood Ave, Atlanta, GA for Sale
$1,715,000 USD
Restaurant - FOR SALE
1/43
null | 5.5% Cap Rate

1336 Glenwood Ave
Atlanta, GA 30316
East Atlanta


OVERVIEW

- 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)

FOR SALE DETAILS

PRICE

$1,715,000 USD

PRICE/SF

$724 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Retail Investment | East Atlanta Village

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

NC-2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael Wess, CCIMBull Realty Inc.More Info
770-598-6212

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Michael Wess, CCIMBull Realty Inc.More Info
770-598-6212

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.