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NNN Retail Investment | 6% Cap Rate 1358 Glenwood Ave SE 3,340 SF Retail Building Atlanta, GA 30316 $2,763,618 CAD ($827.43 CAD/SF) 6% Cap Rate
INVESTMENT HIGHLIGHTS
- Renovated in 2020 with modern industrial finishes and exposed brick
- Strong tenant performance and community engagement
- Surrounded by top retail, dining, and cultural destinations
- Located in East Atlanta Village, a high-demand walkable district
- 10 surface parking spaces—rare for the area
EXECUTIVE SUMMARY
• Freestanding building leased to fitness studio OxFit
• Adaptive reuse building with modern touches | Fully renovated by tenant in 2020
• Interior design blends modern industrial elements with warm finishes and exposed brick
• Gym features high ceilings, open layout, and floor-to-ceiling windows for natural light
• Tenant OxFit is loved by community and holds a 4.9 star Google rating
• Two intown Atlanta locations | Successful operating history at this location
• Strong social media following & engagement from EAV’s young professional base
• Tenant on true NNN lease | Allows for reimbursement of management and all CAPEX
• 3% Annual Escalations | 5% Base rent management expense reimbursement
• ±0.23 Acres | 10 Parking spaces - many for this dense downtown area
• Located in the heart of East Atlanta Village | vibrant, walkable, sought-after location
• Popular for restaurants, nightlife, retail, and culture
• Steps from famous hot spots Southern Feedstore, Argosy, and The Earl
• Rapid home value growth | Average home prices almost $500k
• Adaptive reuse building with modern touches | Fully renovated by tenant in 2020
• Interior design blends modern industrial elements with warm finishes and exposed brick
• Gym features high ceilings, open layout, and floor-to-ceiling windows for natural light
• Tenant OxFit is loved by community and holds a 4.9 star Google rating
• Two intown Atlanta locations | Successful operating history at this location
• Strong social media following & engagement from EAV’s young professional base
• Tenant on true NNN lease | Allows for reimbursement of management and all CAPEX
• 3% Annual Escalations | 5% Base rent management expense reimbursement
• ±0.23 Acres | 10 Parking spaces - many for this dense downtown area
• Located in the heart of East Atlanta Village | vibrant, walkable, sought-after location
• Popular for restaurants, nightlife, retail, and culture
• Steps from famous hot spots Southern Feedstore, Argosy, and The Earl
• Rapid home value growth | Average home prices almost $500k
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
3,340 SF
Building Class
C
Year Built/Renovated
1966/2020
Price
$2,763,618 CAD
Price Per SF
$827.43 CAD
Cap Rate
6%
NOI
$165,817 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.33
Lot Size
0.23 AC
Zoning
NC-2 - Neighborhood Commercial
Parking
10 Spaces (2.99 Spaces per 1,000 SF Leased)
Frontage
85’ on Glenwood Ave
AMENITIES
- Bus Line
- Corner Lot
- Signage
Walk Score®
Very Walkable (83)
NEARBY MAJOR RETAILERS
![[solidcore]](https://images1.loopnet.com/i2/X1DfwMFhQUJtrEvdN0O4PHppb1UchnIXcAPoILYKKzI/105/image.jpg "[solidcore]")
PROPERTY TAXES
| Parcel Number | 15-177-02-142 | Improvements Assessment | $352,421 CAD |
| Land Assessment | $137,053 CAD | Total Assessment | $489,474 CAD |
PROPERTY TAXES
Parcel Number
15-177-02-142
Land Assessment
$137,053 CAD
Improvements Assessment
$352,421 CAD
Total Assessment
$489,474 CAD
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NNN Retail Investment | 6% Cap Rate | 1358 Glenwood Ave SE
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