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Food & Beverage Building | 7.1% Cap Rate 845 Flat Shoals Rd 2,615 SF 100% Leased Retail Building Atlanta, GA 30316 $1,762,746 CAD ($674.09 CAD/SF) 7.12% Cap Rate
Executive Summary
• Two-tenant food and beverage building in thriving East Atlanta
• Chef Lance Gummere of Mercer Street Meals awarded “Top 10 Most Memorable Restaurants” and “Most Anticipated New Restaurant” and has a 4.9 Google rating
• The Brunch At East Atlanta has a brand new restaurant and bar buildout and a 4.3 Google Rating
• True NNN leases | Allows for reimbursement of CAPEX and management
• Hands off lease structure | Very minimal landlord responsibilities | 3% and 5% Escalations
• The Brunch’s lease is coming up for renewal | Beautiful ±1,980 SF full-service restaurant space with bar (see page 9)
• Opportunity to increase rent, re-tenant, or occupy the space
• New User would receive ~$30,000 in revenue from co-tenant
• Fantastic visibility and corner parcel on busy Flat Shoals Road | (± 6,410 VPD)
• Freestanding building with surface lot | 10 Parking spaces
• Surrounded by brand new townhomes in the $600,000s
• Less than a mile from East Atlanta Village, Moreland Ave and I-20 exit Flat Shoals Road
• Chef Lance Gummere of Mercer Street Meals awarded “Top 10 Most Memorable Restaurants” and “Most Anticipated New Restaurant” and has a 4.9 Google rating
• The Brunch At East Atlanta has a brand new restaurant and bar buildout and a 4.3 Google Rating
• True NNN leases | Allows for reimbursement of CAPEX and management
• Hands off lease structure | Very minimal landlord responsibilities | 3% and 5% Escalations
• The Brunch’s lease is coming up for renewal | Beautiful ±1,980 SF full-service restaurant space with bar (see page 9)
• Opportunity to increase rent, re-tenant, or occupy the space
• New User would receive ~$30,000 in revenue from co-tenant
• Fantastic visibility and corner parcel on busy Flat Shoals Road | (± 6,410 VPD)
• Freestanding building with surface lot | 10 Parking spaces
• Surrounded by brand new townhomes in the $600,000s
• Less than a mile from East Atlanta Village, Moreland Ave and I-20 exit Flat Shoals Road
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
2,615 SF
Building Class
C
Year Built/Renovated
1959/2024
Price
$1,762,746 CAD
Price Per SF
$674.09 CAD
Cap Rate
7.12%
NOI
$125,448 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.29
Lot Size
0.21 AC
Zoning
NC-16 - Neighborhood Commercial
Parking
10 Spaces (3.82 Spaces per 1,000 SF Leased)
Amenities
- Corner Lot
- Restaurant
- Signage
- Wheelchair Accessible
Nearby Major Retailers
Property Taxes
| Parcel Number | 15-146-12-036 | Improvements Assessment | $63,385 CAD |
| Land Assessment | $82,034 CAD | Total Assessment | $145,419 CAD |
Property Taxes
Parcel Number
15-146-12-036
Land Assessment
$82,034 CAD
Improvements Assessment
$63,385 CAD
Total Assessment
$145,419 CAD
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Food & Beverage Building | 7.1% Cap Rate | 845 Flat Shoals Rd
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