349-353 Edgewood Avenue, Atlanta, GA

Retail for Sale - $1,085,000 - 3,400 Sq. Ft.

Bull Realty, Inc.

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Agent Info

NameMichael Bull, CCIM
CompanyBull Realty, Inc.

Property Info

CIMLS #972353
Location349-353 Edgewood Avenue
Atlanta GA 30312
Last UpdatedJanuary 19th, 2018
TypeRetail
Price$1,085,000
Building3,400 Sq. Ft.

Contact


Property Description

This two tenant modified net leased investment is located on Edgewood Avenue in Atlanta's Sweet Auburn district. Offered at a 7% cap rate.

HAROLD’S CHICKEN & ICE BAR -

Since 1950, Harold’s Chicken Shack has been a Chicago Institution, particularly on the South Side of Chicago, and is well known for its uniquely prepared chicken and special sauces. Harold’s Chicken locations have also been opened in Northwest Indiana, Detroit, Milwaukee, Las Vegas, Madison (WI), and Dallas. In June 2012, Harold’s re-opened its doors in the vibrant city of Atlanta, Georgia, as “Harold’s Chicken & Ice Bar”. Harold’s Chicken & Ice Bar was the first Harold’s franchise to transition from the traditional, informal “Harold’s Chicken Shack.”

CITY INK -

A Custom Tattoo Parlor and Art Gallery located in the heart of Atlanta’s Old 4th Ward Historic District specializing in clean line work, bold color and realistic shading styles. Originally founded by Miya Bailey, Tuki Carter and Corey Davis in 2006.

Location Description:

Located on popular Edgewood Avenue in Atlanta's Sweet Auburn district.

Highlights:

>> Excellent in town location on popular Edgewood Avenue in Atlanta’s Sweet Auburn district

>> 2 tenant modified NNN leased investment

>> 7% cap rate

>> Landlord responsible for roof and structure only

>> New roof with warranty

>> Trolley stop directly in front of property (Edgewood at Hilliard)

>> Established tenants with leases through 2022 and 2029

>> 4.33% annual rent increases

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