NNN Lease | $152,398 NOI | 5.8% Cap Rate

Highlights:

• Full-service restaurant in flourishing Grant Park neighborhood
• Second location for tenant DAS BBQ, open since 2020
• First location open and operating in West Midtown since 2016
• 10-Year lease goes through end of 2030 + two 5-year extensions
• True NNN Lease | 3% Annual base rent escalations
• Adaptive-reuse former Harp Transmission building
• Beautifully redesigned property balances modern touches while thoughtfully preserving past architectural details
• ±3,130 SF Restaurant | Large Covered Patio | 178 Interior Occupancy
• ±0.395 Acre rectangular parcel | Maxed out with outdoor patio and event space
• Family friendly, pet friendly vibe with live music and events
• 12 Parking spaces, but open patio and bar area covers 7 of them
• Monument sign showcasing to Memorial Drive’s ±20,630 vehicles per day
• Large park and recreational spaces on both sides of property
• Abundant free street parking and other parking areas adjacent
• Walkable area | Thousands of new/newer apartments in immediate area
• Adjacent to Oakland Cemetery, a ±48-acre destination with year-round events for tourists and locals.
• One mile west of the Eastside Beltline Trail and Madison Yards
• Walkable to booming neighborhoods of Summerhill, Reynoldstown, Old Fourth Ward, and South Downtown
• Located on major arterial road | Synergy with many other nearby restaurants
• 1 Mile from Eastside Beltline Trail | 1500’ Off major I-20 highway exit

Description:

Tenant Name: DAS BBQ

This property is located in Atlanta, GA.

Documents: