876 Virginia Ave - Fast Food FOR SALE


Hapeville, GA 30354
$2,410,827 USD
813-697-1255
876 Virginia Ave, Hapeville, GA for Sale
$2,410,827 USD
Fast Food - FOR SALE
1/7
null | 6.65% Cap Rate

876 Virginia Ave
Hapeville, GA 30354


HIGHLIGHTS

  • Long Term Lease
  • Attractive Increases
  • Minimal Landlord Responsibilities
  • Dynamic Tenants
  • Prime Retail Location
  • Strong Traffic Counts

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to acquire a Smoothie King & Urban Sprout located at 876 Virginia Avenue in Atlanta, Georgia (the “Property”). The two-tenant Property is improved by a 2,727 square foot building on a 0.43-acre corner parcel. Smoothie King has been at this location since 2019 and just extended their lease (3 years early), demonstrating their commitment to the site and market. Smoothie King has 8+ years remaining on their lease. Urban Sprout has a new 5-year lease with one (1), five-year renewal option. Both leases call for attractive annual rent increases. Smoothie King & Urban Sprout are extremely well located at the intersection of Oakridge Avenue and Virginia Avenue and enjoy outstanding visibility, frontage and access. The Property is positioned in Atlanta’s Hapeville neighborhood along the perimeter of Hartsfield-Jackson Atlanta International Airport, one of the busiest in the world, and is part of a dominant trade area that is home to countless national retailers and restaurants, more than fifty (50) hotels, office complexes, and industrial/warehousing facilities, all of which drive traffic to the area and provide a captive customer base. Additionally, the Property is within minutes of several area schools, densely populated residential neighborhoods, and area highways.

FOR SALE DETAILS

PRICE

$2,410,827 USD

PRICE/SF

$906 USD /SF

CAP RATE

6.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Smoothie King & Urban Sprout

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Fast Food

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1978

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.43 AC

LAND SF

18,731 SF

ZONING

C2

APN/PARCEL ID

14-0098-0001-069-8

ASK ABOUT THIS PROPERTY

Chris KingHorvath & TremblayMore Info
813-697-1255

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

Chris KingHorvath & TremblayMore Info
813-697-1255

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