350 SE Memorial Dr - Restaurant FOR SALE


Atlanta, GA 30312- Oakland
$2,650,000 USD
770-598-6212
350 SE Memorial Dr, Atlanta, GA for Sale
$2,650,000 USD
Restaurant - FOR SALE
1/37
null | 5.75% Cap Rate

350 SE Memorial Dr
Atlanta, GA 30312
Oakland


OVERVIEW

• Full-service restaurant in flourishing Grant Park neighborhood • Second location for tenant DAS BBQ, open since 2020 • First location open and operating in West Midtown since 2016 • 10-Year lease goes through end of 2030 + two 5-year extensions • True NNN Lease | 3% Annual base rent escalations • Adaptive-reuse former Harp Transmission building • Beautifully redesigned property balances modern touches while thoughtfully preserving past architectural details • ±3,130 SF Restaurant | Large Covered Patio | 178 Interior Occupancy • ±0.395 Acre rectangular parcel | Maxed out with outdoor patio and event space • Family friendly, pet friendly vibe with live music and events • 12 Parking spaces, but open patio and bar area covers 7 of them • Monument sign showcasing to Memorial Drive’s ±20,630 vehicles per day • Large park and recreational spaces on both sides of property • Abundant free street parking and other parking areas adjacent • Walkable area | Thousands of new/newer apartments in immediate area • Adjacent to Oakland Cemetery, a ±48-acre destination with year-round events for tourists and locals. • One mile west of the Eastside Beltline Trail and Madison Yards • Walkable to booming neighborhoods of Summerhill, Reynoldstown, Old Fourth Ward, and South Downtown • Located on major arterial road | Synergy with many other nearby restaurants • 1 Mile from Eastside Beltline Trail | 1500’ Off major I-20 highway exit

FOR SALE DETAILS

PRICE

$2,650,000 USD

PRICE/SF

$847 USD /SF

CAP RATE

5.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

NNN Lease | $152,398 NOI | 5.8% Cap Rate

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

SP1-22 SA2

APN/PARCEL ID

14-0045-0008-059-6

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 Policy.