5344 Peachtree Rd
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5344 Peachtree Rd
6,400 SF Retail Building Chamblee, GA 30341 £1,684,515 (£263/SF) 4% Net Initial Yield
Investment Highlights
- Historic Building in Heart of Downtown Chamblee and Future Master Plan for Downtown Chamblee
- Current Tenant at reduced rate; renewal is at FMV
- Original Brick
- 3,200 SF Downstairs available to rent or owner occupancy
Executive Summary
Unique opportunity in the heart of charming downtown historic Chamblee. Booming Retail market with strong demographics. Two story free standing original 1940's brick building with cinder block/brick/concrete construction. The building is 6,400 SF split 3,200 SF facing Peachtree and 3,200 SF separate suite with entrance in the rear downstairs (perfect for owner occupancy or lease to creative retail or flex user). Current Tenant's lease (Golf & Social) expires in Summer of 2027, with one five year renewal at FMV, which will create a major jump in NOI. Current Tenant's lease is well below market, in exchange for said Tenant self funding 750k for their buildout with no LL contribution. Property is zoned VC.
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Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
6,400 SF
Year Built/Renovated
1945/2021
Price
£1,684,515
Price Per SF
£263
Net Initial Yield
4%
NOI
£67,381
Tenancy
Single
Number of Floors
2
Building FAR
1.13
Land Acres
0.13 AC
Zoning
VC - Village Commercial (VC)
Frontage
30 ft on Peachtree Road
Amenities
- 24 Hour Access
- Fenced Lot
- Storage Space
- Air Conditioning
MAJOR TENANTS
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease Type
- Lease End
- Golf & Social
- Arts, Entertainment, and Recreation
- 3,200 SF
- £20.41
- Triple Net
- Jun 2027
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease Type | Lease End | |
| Golf & Social | Arts, Entertainment, and Recreation | 3,200 SF | £20.41 | Triple Net | Jun 2027 |
Walk Score ®
Very Walkable (73)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 18-299-16-003 | Improvements Assessment | £138,485 |
| Land Assessment | £28,814 | Total Assessment | £167,300 |
PROPERTY TAXES
Parcel Number
18-299-16-003
Land Assessment
£28,814
Improvements Assessment
£138,485
Total Assessment
£167,300
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Power Broker Shaun Weinstock -
Weinstock Realty and Development
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5344 Peachtree Rd
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