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

2045 Donald Lee Hollowell Pkwy NW Atlanta, GA 30318

2045 Donald Lee Hollowell Pkwy NW, Atlanta, GA, 30318
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FOR SALE
Property Type:
Free Standing Building
Amount:
$2,250,000
Last Verified:
Apr 25, 2024
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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 ($102/SF and $865k/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.

Building Size: 21955sq ft
Lot Size: 2.6 acres


Documents

Offering Memorandum

Map of 2045 Donald Lee Hollowell Pkwy NW, Atlanta, GA, 30318

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What are Real Estate Incentives?

Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."

Why are Real Estate Incentives Important and to Whom?

"Incentives" are vital today and in the future because:

  • U.S. Public: Many incentives focus on job creation and Affordable Housing
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  • Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
  • Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.