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Investment Highlights

  • Fully leased to an award-winning theatre and cabaret operator with strong guarantors.
  • Recent capital improvements, including new HVAC and TPO roof replacement.
  • Nine years remaining on an existing NNN lease with 3.5% annual increases.
  • Located in Old Fourth Ward, one of Atlanta’s most dynamic entertainment and retail districts.

Executive Summary

This fully leased ±4,207 SF property is located on Edgewood Avenue in Atlanta’s vibrant Old Fourth Ward, one of the city’s most active entertainment and retail corridors. The asset is secured by a long-term NNN lease with an established, award-winning theatre and cabaret operator, backed by high-net-worth guarantors. With nine years remaining on the lease and 3.5% annual rent escalations, the property offers stable, predictable income for investors.
Recent capital improvements include a new HVAC system and TPO roof replacement, reducing near-term maintenance risk. The property is part of a three-unit condominium structure, with shared elements managed by a small association for efficient common area oversight. Positioned in a high-demand intown location, the property benefits from strong fundamentals, including proximity to major attractions, dense residential growth, and a thriving nightlife scene.

Property Facts

Sale Type
Investment
Property Type
Retail
Building Size
5,708 SF
Building Class
C
Year Built
1920
Price
$2,892,750 CAD
Price Per SF
$506.79 CAD
Cap Rate
5.60%
NOI
$161,994 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Slab To Slab
11’
Building FAR
0.42
Lot Size
0.31 AC
Zoning
OI, Atlanta - Office - Institutional
Parking
26 Spaces (1.85 Spaces per 1,000 SF Leased)
Frontage
225’ on Boulevard St

Amenities

  • Bus Line
  • Signalized Intersection
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Good public transit
70/100
Moderately bikeable
70/100

Nearby Major Retailers

Harold's Chicken
Starbucks
Blimpie
Willy's Mexicana Grill
Waffle House
Steak ‘n Shake
Fifth Third Bank
Caribou Coffee
F45 Training
HOTWORX

Property Taxes

Property Taxes

Parcel Number
14-0046-0011-089-7
Land Assessment
$183,032 CAD
Improvements Assessment
$389,299 CAD
Total Assessment
$572,331 CAD
  • Listing ID: 40110144

  • Date on Market: 2026-04-10

  • Last Updated:

  • Address: 464B-466 Edgewood Ave, Atlanta, GA 30312

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