4-Building Retail/Loft Office Assemblage | Walkable Avondale Estates | 21,813 SF
10 N Clarendon Avenue and 119, 121, & 127 Center Street
Avondale Estates, GA 30002
| PRICE : | $4,130,000 |
|---|---|
| CAP RATE: | 7.8% |
| PROPERTY TYPE: | Retail |
| SITE SIZE: | 1.01 Acres |
| BUILDING SIZE: | 21,813 SF |
Highlights
- • Four-property assemblage opportunity in Avondale Estates
- • Located in the convenient, walkable downtown area - Tudor Village
- • 9 total units with 100% occupancy
- • Tenants include a restaurant, coworking spaces, daycare and start-up hub
- • Total site size of 1.009 acres with potential redevelopment opportunity
- • Planned city park development and free public parking adjacent to the site
Description
The assemblage consisting of 10 N Clarendon Ave and 119, 121 & 127 Center St (hereafter known as ‘The Property’) provides investors the unique opportunity to acquire a cash-flowing asset with value-add features and future redevelopment potential in the heart of Avondale Estates, an intown Atlanta community approximately eight miles east of downtown.
Located just inside Avondale’s Tudor Village, The Property is in the center of the walkable downtown area filled with shops and eateries. Local favorites such as Stratford Pub and Rising Son are located just steps away, and The Property is adjacent to the 14-acre, future mixed-use development site owned by Atlanta-based developer, Avila. Many seasonal festivals are held throughout the year around The Property’s buildings.
The Property is 100% occupied with all nine suites occupied on triple net leases. Base rent averages $15.76/SF, and tenants include a restaurant, coworking spaces, daycare, and start-up hub.
