1483 Chattahoochee Ave NW | Atlanta, GA 30318
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1483 Chattahoochee Ave NW
Atlanta, GA 30318
Retail Property For Sale
Investment Highlights
- Near-Term Mark-to-Market Opportunity with Gross Lease Conversion
- Strong Visibility and Access
- Nextdoor to Planed Upper West Market & Half Mile from Works Upper Westside
- Recently Repositioned Asset
- E-Commerce Resistance/Experiential Tenant Mix
- Average HHI of $151,092 in 3-mile Radius
Executive Summary
CBRE National Retail Partners – Southeast is proud to offer 1483 Chattahoochee, a 20,884 SF unanchored neighborhood retail center in infill Atlanta, GA on the burgeoning Upper Westside. The multi-tenant center is distinguished by its hard corner location at the signalized intersection of Chattahoochee Ave (14,100 VPD) and Collier Road NW (11,000 VPD). Benefiting from strong access and visibility, the Property has an ideal 227’ of frontage along Chattahoochee Ave with two points of ingress and egress. With over 1,862 multifamily units under construction/proposed in addition to 26,631 existing units within a 3-mile radius of the property, the asset is well positioned to benefit from the explosive residential and commercial development along the Upper Westside Corridor. The immediate area boasts a strong demographic profile with average household incomes exceeding $158,000 within a 1-mile radius. The property currently has one tenant on a modified gross rent structure, whose lease expires November 31, 2025. Converting this lease to NNN and marking to market rate gives an investor the ability to increase rental revenue significantly. Full deal room be found: 1483Chattahoochee.com
Offers are accepted on a rolling basis.
Offers are accepted on a rolling basis.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
20,884 SF
Building Class
B
Year Built
1970
Price
$5,500,000
Price Per SF
$263
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.24
Lot Size
1.97 AC
Zoning
I2 - Industrial Medium
Parking
87 Spaces (4.17 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Tenant Controlled HVAC
- Air Conditioning
PROPERTY TAXES
Parcel Numbers | Improvements Assessment | $1,373,480 | |
Land Assessment | $239,800 | Total Assessment | $1,613,280 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$239,800
Improvements Assessment
$1,373,480
Total Assessment
$1,613,280
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