2045 Donald Lee Hollowell PkwyAtlanta, GA 30318

Property Details for 2045 Donald Lee Hollowell Pkwy

Year built

1964

Lot size

2.60 AC

Property size (Sq ft)

23,525 SF

Zone code

C1

Property type

Retail properties

Property subtype

Retail space

APN

14 017600040351

APU

14017600040351

Description

This exceptional retail investment opportunity presents a 21,955 square foot, single-story building situated on a 2.6-acre lot in Atlanta's burgeoning Grove Park neighborhood. The property boasts a 100% occupancy rate with two tenants: a Family Dollar, recently renewing its lease through December 31, 2028, and a DaVita Dialysis center currently under a lease expiring February 28, 2027, which presents a significant value-add opportunity. DaVita's current lease offers substantial mark-to-market potential. The property is strategically located at the intersection of two major thoroughfares, ensuring excellent visibility and high traffic counts exceeding 20,000 vehicles daily on each road. The asking price is $1,995,000, translating to a low price per square foot of $90.87 and a price per acre of $767,000. The property is zoned MRC-1, offering flexibility for future development. The site's dominant retail presence and location within a transitioning neighborhood provide a compelling covered land play with redevelopment potential as the area continues to improve. Additionally, there's an opportunity to acquire adjacent vacant out parcels, encompassing an additional 0.64 acres, including a former restaurant and auto repair buildings. This investment offers a strong 8.30% cap rate and significant upside potential through lease renegotiation and future development.

• CAP approach

  CAP return

  Valuation

  6%

  $5,181,777

  6.5%

  $4,783,179

  7%

  $4,441,523

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,297,534

  Geo Method

  $11,563,742

• Alternative Use

  Use

  Valuation

  Residential

  $4,034,790

  Hospitality

  $3,695,846

  Educational

  $3,074,901

  Medical

  $3,180,651

  Retail

  $4,783,179

Location Insight

City

Atlanta

County

Fulton

State

Georgia

Latitude

33.7773

Longitude

-84.4522

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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