Howell Mill Shops | 1923 Howell Mill Rd NW
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!
Howell Mill Shops 1923 Howell Mill Rd NW
5,969 SF 100% Leased 4-Star Retail Building Atlanta, GA 30318 £2,705,712 (£453/SF) 7% Net Initial Yield
Investment Highlights
- Feet Retreat Spa Massage: 10-Year Lease | Corporate Signed | Anchoring Tenant | 10% Rental Increases
- NNN Leases | Fee-Simple Ownership | Limited Landlord Responsibilities
- Directly off Interstate 75 | Brand New Remodel | Excellent Visibility & Access | Additional Parking
- Teriyaki Madness: 10-Year Lease | Corporate Signed |Annual Rental Increases
- Fronting Howell Mill Road | Dense Retail Corridor | Howell Mill Village | The District at Howell Mill
- Strong Demographics in 5-mile Trade Area | Direct Residential Consumer Base
Executive Summary
Feet Retreat Spa Massage
• Brand new 10-year lease with 1 (5-year) options to extend
• The lease is signed by Massage Romantic, Inc.
• Tenant occupies 66% of the GLA, making them the anchoring tenant
• The lease features 10% rental increases every five years and at the beginning of each option, growing NOI and hedging against inflation
Teriyaki Madness
• Brand new 10-year lease with 2 (5-year) options to extend
• The lease is signed by Georgia Madness, Inc., the Georgia entity of Teriyaki Madness which has more than 150 locations nationwide
• Annual rental increases, growing NOI and hedging against inflation
• Brand new 10-year lease with 1 (5-year) options to extend
• The lease is signed by Massage Romantic, Inc.
• Tenant occupies 66% of the GLA, making them the anchoring tenant
• The lease features 10% rental increases every five years and at the beginning of each option, growing NOI and hedging against inflation
Teriyaki Madness
• Brand new 10-year lease with 2 (5-year) options to extend
• The lease is signed by Georgia Madness, Inc., the Georgia entity of Teriyaki Madness which has more than 150 locations nationwide
• Annual rental increases, growing NOI and hedging against inflation
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
5,969 SF
Building Class
A
LoopNet Rating
4 Star
Year Built/Renovated
1959/2022
Price
£2,705,712
Price Per SF
£453
Net Initial Yield
7%
NOI
£189,401
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.32
Land Acres
0.43 AC
Zoning
C1 - Retail - Multiple Occupancy
Parking
30 Spaces (5.03 Spaces per 1,000 SF Leased)
Frontage
102 ft on Howell Mill Rd
Amenities
- Freeway Visibility
- Restaurant
- Signage
- Storage Space
Walk Score ®
Very Walkable (77)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 17-0153-0008-044-9 | Improvements Assessment | £240,838 |
| Land Assessment | £301,275 | Total Assessment | £542,113 |
PROPERTY TAXES
Parcel Number
17-0153-0008-044-9
Land Assessment
£301,275
Improvements Assessment
£240,838
Total Assessment
£542,113
-
Michael Berk -
Power Broker Patrick Nutt -
Scott Campbell -
Teddy Leonard -
SRS Real Estate Partners
1 of 10
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Howell Mill Shops | 1923 Howell Mill Rd NW
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.