Contacts
Michael Wess, CCIM
Bull Realty
(404) 876-1640
Property Details
- Property Type Retail - Freestanding
- Property Size 6,828 SF
- Lot Size 0.28 Acre
- Property Tenancy Multi-Tenant
- Building Class C
- Year Built 1967
- Year Renovated 2019
- Date Updated Apr 17, 2024
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Highlights
- Building and Property
- Three-tenant neighborhood restaurant and retail building
- 2019 conversion from dated grocery store to three-tenant restaurant and retail space
- Gut renovation included new roof, 3 RTU HVACs, grease traps, storefronts, parking lot, plumbing, electrical, etc.
- Water is sub-metered and gas/electric are individually metered
- 6,828 Gross SF | 6,303 Leasable SF including patio
- 15 off-street parking spaces and free street parking
- Future potential to develop or otherwise monetize parking lot due to no parking requirements
- Location
- Located in flourishing Summerhill neighborhood of Atlanta
- 8 Minute (0.4 mile) walk north to famous Georgia Ave and Center Parc (Georgia State University) Stadium
- 16 Minute (0.8 mile) walk north to new (2023) Publix and future location of Georgia State Baseball & Softball
- 6 Minute (1.5 mile) drive north to Downtown Atlanta
- 20 Minute (1.0 mile) walk south to Southside Beltline
- 16 minute (10 mile) drive south to Hartsfield Jackson Atlanta International Airport
- ±2,572 multifamily units delivered within 1 mile of Summerhill since 2020
- Center of a thriving neighborhood!
- Tenant and Leases
- Thriving tenants include two restaurants and a gym
- All businesses operated by experienced entrepreneurs and loved by the community
- Tenant Talat Market is a finalist for James Beard Award Best Chef: Southeast, “one of the highest honors for the American restaurant industry”
- Weighted average lease term (WALT) on July 1st, 2024 is 47 months
- Triple net (NNN) leases call for full expense reimbursement
- Extremely limited landlord responsibilities
- Below-market average base rents of $23.85/SF allow for growth as leases turn over
Attachments
Getting around
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Location
- City Atlanta, GA
- Neighborhood Summerhill
- Zip Code 30315
- Market Atlanta
Points of Interest
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Georgia State
1.27 miles
-
Garnett
1.33 miles
-
King Memorial
1.34 miles
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Hurt Park
1.56 miles
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Sweet Auburn Market
1.57 miles
-
Five Points
1.59 miles
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Edgewood at Hillard
1.62 miles
-
Park Place
1.63 miles
-
Auburn at Piedmont
1.64 miles
-
Dobbs Plaza
1.66 miles
-
BP
0.65 miles
-
Chevron
0.84 miles
-
BP
0.86 miles
-
Shell
0.90 miles
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Texaco
0.91 miles
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Texaco
0.93 miles
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BP
1.07 miles
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Shell
1.39 miles
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Kroger
1.47 miles
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Chevron
1.48 miles
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Turner Field - Media Lot
0.30 miles
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Green Lot
0.63 miles
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Blue Lot
0.72 miles
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IBEW parking lot
0.84 miles
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Government Center Parking Deck
1.17 miles
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APS Parking Deck
1.23 miles
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Pete Hackney Deck
1.25 miles
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City of Atlanta Public Safety - Parking Structure
1.29 miles
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LAZ Parking Deck
1.31 miles
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K Deck
1.33 miles
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Talat Market
0.01 miles
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Maepole Atlanta
0.36 miles
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Hot Dog Pete's
0.38 miles
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The STATEhouse Grill
0.39 miles
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Mediterranea
0.41 miles
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Bullpen Rib House
0.47 miles
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Hotto Hotto Ramen & Teppanyaki
0.58 miles
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Patria Cocina
0.59 miles
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Grant Central Pizza
0.93 miles
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Dakota Blue
0.93 miles
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Downtown Mini Mall
1.52 miles
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The Atlanta Dairies
1.67 miles
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Auburn Discount Grocery
1.69 miles
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Publix
1.81 miles
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The Mall at Peachtree Center
1.97 miles
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Big Bear Supermarket
2.02 miles
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Piggly Wiggly
2.09 miles
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Aldi
2.31 miles
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Walmart Supercenter
2.38 miles
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Kroger
2.65 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Michael Wess, CCIM
Bull Realty
(404) 876-1640