Howell Mill Shops
5,969 SF | 100% Leased | 4-Star Retail Building | Atlanta, GA 30318 | $3,968,000 ($665/SF) | 6.10% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $3,968,000
- Property Type
-
Retail, Restaurant
- Square Feet
- 5,969 SF
- Price / Square Foot
- $665
Listing Contacts
Michael Berk
Verified Profile
Patrick Nutt
Verified Profile
Scott Campbell
Verified Profile
- Property Info
Property Overview
Feet Retreat Spa Massage
• Brand new 10-year lease with 1 (5-year) options to extend
• The lease is signed by Massage Romantic, Inc.
• Tenant occupies 66% of the GLA, making them the anchoring tenant
• The lease features 10% rental increases every five years and at the beginning of each option, growing NOI and hedging against inflation
Teriyaki Madness
• Brand new 10-year lease with 2 (5-year) options to extend
• The lease is signed by Georgia Madness, Inc., the Georgia entity of Teriyaki Madness which has more than 150 locations nationwide
• Annual rental increases, growing NOI and hedging against inflation
• Brand new 10-year lease with 1 (5-year) options to extend
• The lease is signed by Massage Romantic, Inc.
• Tenant occupies 66% of the GLA, making them the anchoring tenant
• The lease features 10% rental increases every five years and at the beginning of each option, growing NOI and hedging against inflation
Teriyaki Madness
• Brand new 10-year lease with 2 (5-year) options to extend
• The lease is signed by Georgia Madness, Inc., the Georgia entity of Teriyaki Madness which has more than 150 locations nationwide
• Annual rental increases, growing NOI and hedging against inflation
Property Details
- Class
- B
- Year Built/Renovated
- 1959/2022
- Stories
- 1
- Property Subtype
- Storefront Retail/Office
- Lot Size (sq. ft)
- 18,731 SF
Highlights
- Feet Retreat Spa Massage: 10-Year Lease | Corporate Signed | Anchoring Tenant | 10% Rental Increases
- Teriyaki Madness: 10-Year Lease | Corporate Signed |Annual Rental Increases
- NNN Leases | Fee-Simple Ownership | Limited Landlord Responsibilities
- Fronting Howell Mill Road | Dense Retail Corridor | Howell Mill Village | The District at Howell Mill
- Directly off Interstate 75 | Brand New Remodel | Excellent Visibility & Access | Additional Parking
- Strong Demographics in 5-mile Trade Area | Direct Residential Consumer Base
Nearby Properties
Similar Properties
FAQ
- 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.
- What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?
- Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
- 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].