Menu
t r a n s l a t e

Retail Strip Near Ponce City Market | 7.4% Cap Rate

533 Ponce de Leon Avenue
Atlanta, GA 30308
PRICE : $2,575,000
CAP RATE: 7.4%
PROPERTY TYPE: Retail
SITE SIZE: 0.44 Acres
BUILDING SIZE: 9,540 SF

Highlights

  • Three-tenant neighborhood center walking distance to Ponce CIty Market
  • Great visibility on Ponce de Leon Avenue with excellent traffic counts
  • 9,540 SF structure on 0.44 acre parcel
  • Recently renovated
  • Limited Landlord responsibilities
  • Mac N Jac Cleaners has been at this location for 60+ years
  • Below market rents allowing for future upside
  • Easy access from opposite side of the street with turn lane and two ingress/egress points
  • Front and rear parking for a total of 18 spaces

Description

Bull Realty is pleased to offer the opportunity to acquire a three-tenant neighborhood center located on Ponce de Leon Avenue just 0.1 miles or a 3 minute walk to Ponce City Market. The 9,540 SF center has fantastic visibility from Ponce and two ingress/egress points. One and three-mile demographics are outstanding and have some of the strongest growth projections in the Atlanta metro area.

Mac N Jac Cleaners occupies the largest space and has been at this location for 60+ years. The other two tenants in the center average ±4 years remaining on their leases. Tenants are responsible for most expenses, repairs, and maintenance on the center allowing for easy management. The location paired with just three tenant spaces allows for almost no/very rare leasing responsibilities.

Request more information