National Credit Tenant Value-Add Retail Investment | Grove Park Neighborhood | Atlanta, GA
2045 Donald Lee Hollowell Pkwy NW
Atlanta, GA 30318
FOR SALE
Property Type:
Free Standing BuildingAmount:
$2,250,000
Last Verified:
Apr 25, 2024Highlights
- 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
