"The Triangle" in The Point At Cascade 2287 Cascade Rd
4,745 SF 100% Leased Retail Building Atlanta, GA 30311 $1,700,000 ($358.27/SF) 6.59% Cap Rate
INVESTMENT HIGHLIGHTS
- Surrounded by Adams Park; Beecher Hills; Audubon Forest and More
- Excellent investment in Opportunity Zone
- 12 minutes to Downtown Atlanta and 18 Minutes to Hartsfield Airport
EXECUTIVE SUMMARY
"The Triangle" is one of the two buildings in The Point At Cascade, located in the Cascade Heights Commercial Historic District. Fully Occupied with 5 businesses: Aiskrimu Ice Cream Bar; Diamonds In The Rough Salon; Nourish + Bloom (AI Grocery Store); MoreLyfe Juice Bar; Oreatha's At The Point (#4 Best Restaurant in the Nation according to YELP in 2023). Each Lease is NNN. The building is located in a Federal Opportunity Zone. All plumbing and sewer lines replaced in 2019. 3-Phase Electrical service installed in 2019. New Roofs on Oreatha's & MoreLyfe in 2019.
DATA ROOM Click Here to Access
- Third Party Reports
- Miscellaneous
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Building Size
4,745 SF
Building Class
C
Year Built
1950
Price
$1,700,000
Price Per SF
$358.27
Cap Rate
6.59%
NOI
$112,000
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.44
Lot Size
0.25 AC
Opportunity Zone
Yes
Zoning
NC-6 - Opportunity Zone; Neighborhood Commercial District NC-6;
Frontage
AMENITIES
- Corner Lot
- Courtyard
- Fenced Lot
- Restaurant
- Signalized Intersection
- Wheelchair Accessible
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 14-0184-0001-008-1 | Improvements Assessment | $78,880 |
| Land Assessment | $105,160 | Total Assessment | $184,040 |
CONTACT
-
Shea Embry - Shea R. Embry
