1483 Chattahoochee Ave Atlanta, GA 30318

This 20,884 square foot shopping center in Atlanta, GA, offers a compelling value-add investment opportunity. Located on a prominent corner at the intersection of Chattahoochee Ave and Collier Road NW, this single-story, 1970-built property (renovated in 2021) boasts 100% occupancy with three tenants, including D1 Training, Beat the Bomb, and Fuzion Force. The property features 87 parking spaces and sits on a 1.97-acre lot. Currently operating under a NN+ lease structure with a remaining term of 4.4 years, a significant near-term mark-to-market opportunity exists due to one tenant on a modified gross lease expiring November 31, 2025. The current NOI is $345,037, with a pro-forma NOI projected at $404,021, resulting in a pro-forma cap rate of 7.35%. The property benefits from strong visibility and access, situated within a rapidly developing area with high household incomes (over $158,000 within a 1-mile radius) and significant multifamily development underway. The I2 (Medium Industrial) zoning provides flexibility. The asking price is $5,500,000, translating to a price per square foot of $263.36. This asset is well-positioned to capitalize on the growth of Atlanta's Upper Westside corridor.