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122 Cleveland Ave
Atlanta, GA 30315
Plaza Hispana - Atlanta, GA · Retail Property For Sale
Investment Highlights
- The center totals 11,842 SF and is fully leased to 5 tenants with no current vacancy, providing investors with immediate in-place cash flow.
- Plaza Hispana is located less than 10 minutes south of Downtown Atlanta via the I-75/I-85 Downtown Connector, providing strong regional connectivity.
- Offered well below replacement cost with a PSF just over $190, giving investors an attractive basis relative to the cost of ground-up construction.
- Tenancy includes a government-supported vocational hair school (Profile Institute), neighborhood beauty supply, food catering user, adult care center.
- The property is a single-story strip center with multiple bays, on-site surface parking (roughly 70 spaces, or about 5.9 spaces per 1,000 SF).
Executive Summary
Sands Investment Group is pleased to exclusively offer for sale the 11,842 SF Plaza Hispana located at 122 Cleveland Avenue SW in Atlanta, GA. This fully occupied strip center offers immediate, stable cash flow through a diversified mix of 5 service-oriented and experiential tenants, eliminating single-tenant exposure while reducing susceptibility to e-commerce disruption. Located less than 10 minutes from Downtown Atlanta, the property benefits from excellent regional connectivity, strong surrounding demographics, and convenient access to the city's major employment centers.
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
Property Type
Retail
Property Subtype
Building Size
11,842 SF
Building Class
C
Year Built
2001
Price
$3,114,000 CAD
Price Per SF
$262.96 CAD
Cap Rate
7.78%
NOI
$242,320 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.39
Lot Size
0.69 AC
Zoning
C-1
Parking
70 Spaces (5.91 Spaces per 1,000 SF Leased)
Frontage
147’ on Cleveland Ave
Amenities
- Bus Line
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | 14-0068-0005-002-1 | Improvements Assessment | $628,945 CAD |
| Land Assessment | $84,978 CAD | Total Assessment | $713,923 CAD |
Property Taxes
Parcel Number
14-0068-0005-002-1
Land Assessment
$84,978 CAD
Improvements Assessment
$628,945 CAD
Total Assessment
$713,923 CAD
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