For Sale
$3,458,000

1923 Howell Mill RdAtlanta, GA 30318

Prime Atlanta retail, 100% occupied, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents the Howell Mill Shops, a 5,969 square foot retail property located at 1923 Howell Mill Rd NW, Atlanta, GA 30318. The property boasts a prime location in a dense retail corridor within the Howell Mill Village and The District at Howell Mill, directly off Interstate 75, ensuring excellent visibility and accessibility. Currently 100% occupied with two tenants under brand new 10-year NNN leases featuring built-in rent increases, this property offers a secure and lucrative investment. The building, which underwent a complete renovation in 2022, including a new roof with a long-term warranty, features 30 parking spaces on a 0.43-acre lot. The permitted zoning is C1 - Retail - Multiple Occupancy. The property's strong financial performance is highlighted by a 7.00% cap rate and a net operating income (NOI) of $242,062. The asking price is $3,458,000, translating to a price per square foot of $579.33. Both tenants, Feet Retreat Spa Massage and Teriyaki Madness, are established businesses with personal guarantees on their leases. The property benefits from a strong demographic profile within a 5-mile radius, providing a substantial and readily available consumer base. This fee-simple ownership opportunity offers limited landlord responsibilities, making it an attractive investment for discerning buyers. The Fulton County property features APN 17-0153-0008-044-9 and was originally built in 1959.

Highlights

  • Feet Retreat Spa Massage and Teriyaki Madness anchor this property with new 10-year leases, including built-in rent increases.
  • Both tenants are on NNN leases, offering fee-simple ownership with limited landlord responsibilities.
  • Located on Howell Mill Road in the Howell Mill Village and The District at Howell Mill, this property benefits from a dense retail corridor.
  • Excellent visibility and accessibility are ensured by its location directly off Interstate 75, along with ample parking (30 spaces).
  • The 5,969 square foot building boasts a brand-new 2022 remodel and strong demographics within a 5-mile radius.
  • This investment opportunity offers a 7.00% cap rate, $242,062 NOI, and is priced at $3,458,000 ($579.33/SF).

Property Details for 1923 Howell Mill Rd

Property type
Retail properties, Restaurants
Square Feet
5,969 SF
Year Built/Renovated
1959/2022
Lot Size (sq. ft)
18,731 SF

Location Insight

City
Atlanta
County
Fulton
State
Georgia
Latitude
33.8072753
Longitude
-84.4122807
1923 Howell Mill 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].
1923 Howell Mill 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