National Credit Tenant Value-Add Retail | 2045 Donald Lee Hollowell Pky NW
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National Credit Tenant Value-Add Retail 2045 Donald Lee Hollowell Pky NW
21,955 SF 100% Leased Retail Building Atlanta, GA 30318 £1,560,988 (£71/SF) 8% Net Initial Yield
Investment Highlights
- Value-Add retail investment sale in burgeoning Grove Park neighborhood, Atlanta
- 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
- Low basis at asking price ($99/SF and $836k/AC) | Covered land play: redevelopment potential of the 2.6-acre site as neighborhood improves
- Two tenant, ± 21,955 SF building | National recession-resistant tenants of Family Dollar and DaVita Dialysis
- Excellent visibility, access and traffic counts at the intersection of two major thoroughfares | Dominant retail center and site
- Outparcel vacant restaurant and auto repair buildings could also be purchased (bonus 0.64 acres)
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
21,955 SF
Building Class
C
Year Built
1964
Price
£1,560,988
Price Per SF
£71
Net Initial Yield
8%
NOI
£124,879
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.19
Land Acres
2.60 AC
Opportunity Zone
Yes
Zoning
C1, Atlanta - Commercial
Parking
100 Spaces (4.55 Spaces per 1,000 SF Leased)
Space Availability
- Space
- Size
- Space Use
- Position
- Available
Built out automotive care facility with 2 roll up bays
| Space | Size | Space Use | Position | Available |
| 1st Floor | 1,832 SF | Retail | - | 30 Days |
1st Floor
| Size |
| 1,832 SF |
| Space Use |
| Retail |
| Position |
| - |
| Available |
| 30 Days |
1st Floor
| Size | 1,832 SF |
| Space Use | Retail |
| Position | - |
| Available | 30 Days |
Built out automotive care facility with 2 roll up bays
PROPERTY TAXES
| Parcel Number | 14-0176-0004-035-1 | Improvements Assessment | £185,128 |
| Land Assessment | £284,812 | Total Assessment | £469,939 |
PROPERTY TAXES
Parcel Number
14-0176-0004-035-1
Land Assessment
£284,812
Improvements Assessment
£185,128
Total Assessment
£469,939
-
Andy Lundsberg -
Michael Wess, CCIM -
Bull Realty Inc.
(404) 876-1640
x107
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National Credit Tenant Value-Add Retail | 2045 Donald Lee Hollowell Pky NW
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