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Shops At SkyLofts - Street Level Retail 898 Oak St

8,624 SF 100% Leased Retail Building Atlanta, GA 30310 $1,675,000 ($194/SF) 7% Cap Rate

Investment Highlights

  • Located Adjacent to Mall West End, which is slated for redevelopment into a mixed-use hub
  • Good visibility with 18,551 VPD on Joseph E. Lowery Boulevard
  • Densely populated with over 535,000 Daytime population in a 5 mile radius
  • Average 1-mile household income of $64,679 and is expected to increase by 22.65% in the next 5 years

Executive Summary

The Shops at Sky Lofts is the 6-unit retail property on the street level portion of
some of the nicest apartments in the historic West End area of Atlanta. The Mall
West End is directly next door, and a massive redevelopment was recently
announce. This is huge for this area of metro Atlanta, and it will be a big benefit
to the retail and apartments at Sky Lofts. The tenants at Shops at Sky Lofts
include a new Good Fellas Pizza, Tattoo Shop, Healthy Hair First, Nails Etc., Barber
Shop, and JB's Record Lounge.
This area of Atlanta is expected to see significate development over the near
future. Skyline Seven Real Estate has been leasing and managing the adjacent
Mall West End for years, and knowledge about the area. The immediate area
has also seen positive momentum with the Atlanta Beltline running between
Donnelly Ave. and White Street. Microsoft recently acquired approximately 90
acres for an east coast campus. While Microsoft has delayed that project, is it
still anticipated to happen at some point, as they still own all the land that was
assembled. Another positive to the area is the closed proximity to the Atlanta
University Center Consortium, which produces a highly educated workforce that
is essential to Atlanta and the Southeast United States - Morehouse College,
Morehouse School of Medicine, Spelman College and Clark Atlanta University.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
8,624 SF
Building Class
B
Year Built
2007
Price
$1,675,000
Price Per SF
$194
Cap Rate
7%
NOI
$117,243
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Opportunity Zone
Yes
Zoning
C3 - Commercial

MAJOR TENANTS Click Here to Access

  • Tenant
  • Industry
  • SF OCCUPIED
  • RENT/SF
  • Lease Type
  • Lease End
  • Goodfellas Pizza & Wings
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • Healthy Hair First, LLC
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • JB's Record Lounge
  • Arts, Entertainment, and Recreation
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • Nails Etc.
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • Scarlet Tattoo
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000
  • The Barber Shop II
  • Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • -
Tenant Industry SF OCCUPIED RENT/SF Lease Type Lease End
Goodfellas Pizza & Wings Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000
Healthy Hair First, LLC Services 99,999 SF - Lorem Ipsum Jan 0000
JB's Record Lounge Arts, Entertainment, and Recreation 99,999 SF - Lorem Ipsum Jan 0000
Nails Etc. Services 99,999 SF - Lorem Ipsum Jan 0000
Scarlet Tattoo Services 99,999 SF - Lorem Ipsum Jan 0000
The Barber Shop II Services 99,999 SF - Lorem Ipsum -

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • C
  • 1,408 SF
  • Retail
  • In-Line
  • 30 Days

Hair Salon. Good parking and good visibility. Monument and building signage available. High traffic center.

Space Size Space Use Position Available
C 1,408 SF Retail In-Line 30 Days

C

Size
1,408 SF
Space Use
Retail
Position
In-Line
Available
30 Days

C

Size 1,408 SF
Space Use Retail
Position In-Line
Available 30 Days

Hair Salon. Good parking and good visibility. Monument and building signage available. High traffic center.

Walk Score ®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Planet Fitness
Rent-A-Center
Starbucks
Bank of America
Kroger
Fifth Third Bank
Costa Coffee
Truist
The YMCA
Checkers
  • Listing ID: 32884513

  • Date on Market: 8/19/2024

  • Last Updated:

  • Address: 898 Oak St, Atlanta, GA 30310

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