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Two Tenant Modified Net Leased Investment | 7% Cap Rate

349-353 Edgewood Avenue
Atlanta, GA 30312
PRICE : $1,085,000
CAP RATE: 7%
PROPERTY TYPE: Retail
BUILDING SIZE: 3,400 SF

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

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.

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