Recently renovated, 12,800 SF retail/office building located along a major thoroughfare with almost 50,000 VPD. Listed for sale at a 10% cap rate and anchored by a well-established and popular local restaurant (Jamrock Jerk Center) that recently signed a lease extension, this property boasts impressive in-place cash flow and stability the two highest paying tenants on longer term leases. Additional upside potential exists in pushing rents by bringing some of the smaller office tenants up to market rental rates or replacing them with one of the many local businesses from this small business heavy community as the leases roll.
Previously used only as smaller office suites, the unit with road frontage was converted into a restaurant that provides an appealing amenity for the other tenants and driving traffic from the surrounding area. Well located in an area with a rapidly growing population along with a vibrant small business community.
Looking to buy or sell commercial real estate in Atlanta and the surrounding areas? Give us a call TODAY at 404-618-0878.