Prime Location Restaurant | 1620 Piedmont Ave NE
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Prime Location Restaurant 1620 Piedmont Ave NE
3,639 SF Retail Building Atlanta, GA 30324 £3,133,200 (£861/SF) 5.28% Net Initial Yield
Investment Highlights
- 5% Profit Share at $3.5 Million of Annual Sales With No Cap in Earnings; (ie; $4,000,000 x 5% = $200,000 to Landlord)
- Landlord and Tenant Have Invested an Estimated $1,200,000M Into the Location Including, But Not Limited to: Brand New Equipment, Face Lift, Etc
- Executive Chef, Jean Louis, Originates From Ivory Coast; He Pursued His Culinary Education in Paris and Has a Remarkable Background
- Two Personal Guaranties: $3,000,000+
- Estimated Value of $400,000 Included in Sale
- With High Foot Traffic, Versatile Layout, Modern Amenities and Historic Charm in an Established Neighborhood
Executive Summary
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,639 SF Prime Location Restaurant Located at 1620 Piedmont Avenue NE in Atlanta, GA. This Deal Includes Easy Access to Iconic Attractions Like the Renowned Atlanta Botanical Garden, Lenox Square and Phipps Plaza, as Well as the Buckhead District, Providing For a Unique Investment.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,639 SF
Building Class
C
Year Built/Renovated
1930/2023
Price
£3,133,200
Price Per SF
£861
Net Initial Yield
5.28%
NOI
£165,325
Tenancy
Single
Number of Floors
1
Building FAR
0.28
Lot Size
0.30 AC
Zoning
RLC - Residential Limited Commercial
Parking
22 Spaces (6.05 Spaces per 1,000 SF Leased)
Frontage
62 ft on Piedmont Ave
Amenities
- Bus Route
- Signage
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Naas Milan, LLC
- Accommodation and Food Services
- 3,639 SF
- £45.38
- NNN
- Apr 2025
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Naas Milan, LLC | Accommodation and Food Services | 3,639 SF | £45.38 | NNN | Apr 2025 |
Walk Score ®
Very Walkable (76)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-0056-0012-026-8 | Improvements Assessment | £300,836 |
| Land Assessment | £135,113 | Total Assessment | £435,950 |
PROPERTY TAXES
Parcel Number
17-0056-0012-026-8
Land Assessment
£135,113
Improvements Assessment
£300,836
Total Assessment
£435,950
Contacts
-
Munir Meghjani -
Rahill Lakhani -
Andrew Ackerman -
Sands Investment Group Atlanta, LLC
1 of 5
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Prime Location Restaurant | 1620 Piedmont Ave NE
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.