728 Monroe Drive NE, Atlanta, GA
Retail for Sale - $2,400,000 - 9,500 Sq. Ft. on 0.59 acres


Property Info
CIMLS# | 925026 |
Location 728 Monroe Drive NE Atlanta GA 30307 | |
Updated | February 28th, 2017 |
Type | Retail |
Price | $2,400,000 |
Building | 9,500 Sq. Ft. |
Land | 0.59 acres |
Property Description
Bull Realty is pleased to present the opportunity to acquire this 100% occupied, two story, freestanding retail/office building on Monroe Drive, just north off Ponce de Leon Avenue in Atlanta. The property is centrally located in between three of the hottest neighborhoods in town Atlanta including Midtown, Old Fourth Ward and Virginia Highland. Walking distance to Piedmont Park, the Atlanta Beltline Trail and Ponce City Market.
The property just underwent a renovation and face lift in 2016 including a brand new roof, new HVAC, electrical and plumbing along with a new front facade. Easy upfront parking with a large additional parking area in the rear of the building.
The building has three retail suites facing Monroe Drive totaling 4,150 SF. There are two additional office/retail suites in the rear totaling 5,350 SF.
Significant upside in re-tenanting one of the rear spaces utilizing Landlord termination option and re-leasing space at market rent.
Location Description:
Located just north off Ponce de Leon Avenue in Atlanta, the property is centrally located in between 3 of the hottest neighborhoods in town Atlanta including Midtown, Old Fourth Ward and Virginia Highland. Walking distance to Piedmont Park, the Atlanta Beltline Trail and Ponce City Market.
Highlights:
>> 9,500 SF, two story, freestanding building
>> 100% occupied
>> Ideal for a creative office or retail space
>> Property underwent a renovation and face lift in 2016 which includes a new roof
>> Ample parking in front and rear accommodating all tenants
>> Walking distance to Piedmont Park, Atlanta Beltline Trail and Ponce City Market
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Financials
Sales Info:
>> Cap rate: 7.7%
>> NOI: $183725