National Credit Tenant Value-Add Retail Investment | Grove Park Neighborhood | Atlanta, GA

2045 Donald Lee Hollowell Pkwy NW, Atlanta, GA

$2,250,000

Price

21,955 sqft

Building Size

2.6 acres

Lot Area

Gallery
Street
Map
Overview
Building Size
21,955 sqft
Lot Area
2.6 acres
Occupancy
100%
Year Built
1964
Floors
1
Description

National Credit Tenant Value-Add Retail Investment | Grove Park Neighborhood | Atlanta, GA

Grove Park Neighborhood.

Highlights
  • Value-Add retail investment sale in burgeoning Grove Park neighborhood, Atlanta
  • Two tenant, ± 21,955 SF building
  • National recession-resistant tenants of Family Dollar and DaVita Dialysis
  • Family Dollar recently renewed its lease through 12/31/2028
  • DaVita Dialysis is dark and seeking buy-out with a lease through 2/28/2027
  • DaVita’s situation provides immediate value-add potential and flexibility with timing
  • DaVita’s current base rent at $7.00/SF offers substantial mark-to-market potential
  • Excellent visibility, access and traffic counts at the intersection of two major thoroughfares
  • Dominant retail center and site in transitioning Grove Park neighborhood
  • Low basis at asking price ($102/SF and $865k/AC)
  • Covered land play: redevelopment potential of the 2.6-acre site as neighborhood improves
  • Outparcel vacant restaurant and auto repair buildings could also be purchased (bonus 0.64 acres)
Documents
Location
Gallery