For Sale
$1,600,000

2287 Cascade RdAtlanta, GA 30311

Prime Atlanta location, 7% cap rate, 5 tenants

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment opportunity presents a fee-simple, multi-tenant shopping center and storefront property located at 2287 Cascade Rd, Atlanta, GA 30311. The 4,704 square foot net rentable space is situated on a 10,350 square foot lot and features five tenants, including a nationally recognized restaurant. The property boasts a strong 7.00% cap rate with a current NOI of $112,060. All leases are NNN (Net, Net, Net), minimizing landlord responsibilities. The property benefits from a prime location within the Cascade Heights Commercial Historic District and is designated as a Federal Opportunity Zone, offering significant tax advantages. Built in 1950 with renovations completed in 2022, the two-story building features updated infrastructure, including new sewer and water lines, and three-phase electrical service. The property is zoned NC-6 and enjoys a high occupancy rate. Annual rent bumps of 3% provide consistent income growth. The surrounding area is experiencing significant revitalization, with new construction and renovations underway. Conveniently located within 12 minutes of Downtown Atlanta and 18 minutes from Hartsfield-Jackson Atlanta International Airport, this property offers exceptional accessibility and strong growth potential. The property's location offers proximity to numerous parks, green spaces, and recreational amenities. The sale includes all executed leases and supporting documentation. The occupancy date is November 12, 2024. The asking price is $1,600,000.

Highlights

  • Fee-simple, multi-tenant retail property in Atlanta's Cascade Heights Commercial Historic District.
  • 4,704 SF net rentable space on a 10,350 SF lot with five tenants, including a national restaurant.
  • 7.00% cap rate, $112,060 NOI, all NNN leases with 3% annual rent bumps.
  • Located in a Federal Opportunity Zone, offering significant tax advantages.
  • Recently renovated (2022) with updated infrastructure and high occupancy rate.

Property Details for 2287 Cascade Rd

Property type
Lifestyle centers, Power centers
Square Feet
4,745 SF
Year Built/Renovated
1950/3
Buildings
1
Stories
2
Units
5

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.7223955
Longitude
-84.4638849
2287 Cascade Rd, Atlanta, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2287 Cascade Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message