National Credit Tenant Value-Add Retail Investment | Grove Park Neighborhood | Atlanta, GA

Highlights

• Value-Add retail investment sale in burgeoning Grove Park neighborhood, Atlanta
• Two tenant, ± 21,955 SF building
• National recession-resistant tenants of Family Dollar and DaVita Dialysis
• Family Dollar recently renewed its lease through 12/31/2028
• DaVita Dialysis is dark and seeking buy-out with a lease through 2/28/2027
• DaVita’s situation provides immediate value-add potential and flexibility with timing
• DaVita’s current base rent at $7.00/SF offers substantial mark-to-market potential
• Excellent visibility, access and traffic counts at the intersection of two major thoroughfares
• Dominant retail center and site in transitioning Grove Park neighborhood
• Low basis at asking price ($114/SF and $961k/AC)
• Covered land play: redevelopment potential of the 2.6-acre site as neighborhood improves
• Outparcel vacant restaurant and auto repair buildings could also be purchased (bonus 0.64 acres)

Description

National Credit Tenant Value-Add Retail Investment | Grove Park Neighborhood | Atlanta, GA

Grove Park Neighborhood.

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