NNN Retail Investment | East Atlanta Village | 5.5% Cap Rate | The Victorian Atlanta - Plants + Coffee

Highlights:

• Property Highlights
• Freestanding commercial building leased to The Victorian, a coffee shop and plant store concept
• Beautiful 1925 Victorian home fully renovated and converted to coffee shop use by tenant in 2020
• Modern & warm plant nursery with a rustic front patio | Lots of windows and natural light inside
• The Victorian holds a 4.5 star google rating and is well-loved by the community
• Awarded “Best of Atlanta 2021: Reader’s Choice” by Atlanta Magazine, “The Year of The Houseplant” on HGTV, & “The Most Unique Coffee Shop in ATL” on Jezebel Magazine
• Recently extended lease through 2030 | Successful operating history at this location
• Strong social media following & engagement from EAV’s young professional base
• Tenant on true NNN lease | Allows for reimbursement of management and all CAPEX
• 3% Annual escalations | 4% Base rent management expense reimbursement
• ±0.23 Acres with 8 parking spaces - great for this concept in dense downtown area
• Located in the heart of East Atlanta Village | vibrant, walkable, sought-after location
• Popular for restaurants, nightlife, retail, and culture
• Steps from famous hot spots Southern Feedstore, Argosy, and The Earl
• Rapid home value growth | Average home prices almost $500k
• Nearby Locations
• Beltline Trail (under 1 mile)
• I-20 (2 minute drive)
• Grant Park (5 minute drive)
• Ormewood Park (5 minute drive)
• Kirkwood (6 minute drive)
• Downtown Atlanta (10 minute drive)
• Inman Park (10 minute drive)
• Krog Street Market (11 minute drive)
• Ponce City Market (13 minute drive)

Description:

NNN Retail Investment | East Atlanta Village | 5.5% Cap Rate | The Victorian Atlanta - Plants + Coffee

This property is located in Atlanta, GA.

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