$3,750,000 USD
770-501-3007
1620 Piedmont Ave NE
Atlanta, GA 30324
Piedmont Heights
HIGHLIGHTS
- 5% Profit Share at $3.5 Million of Annual Sales With No Cap in Earnings; (ie; $4,000,000 x 5% = $200,000 to Landlord)
- Two Personal Guaranties: $3,000,000+
- Landlord and Tenant Have Invested an Estimated $1,200,000M Into the Location Including, But Not Limited to: Brand New Equipment, Face Lift, Etc
- Estimated Value of $400,000 Included in Sale
- Executive Chef, Jean Louis, Originates From Ivory Coast; He Pursued His Culinary Education in Paris and Has a Remarkable Background
- With High Foot Traffic, Versatile Layout, Modern Amenities and Historic Charm in an Established Neighborhood
OVERVIEW
Sands Investment Group is Pleased to Exclusively Offer For Sale the 3,639 SF Prime Location Restaurant Located at 1620 Piedmont Avenue NE in Atlanta, GA. This Deal Includes Easy Access to Iconic Attractions Like the Renowned Atlanta Botanical Garden, Lenox Square and Phipps Plaza, as Well as the Buckhead District, Providing For a Unique Investment.
In Cooperation With Sands Investment Group Atlanta, LLC - Lic. #67374 BoR: Andrew Ackerman - Lic. GA #311619
FOR SALE DETAILS
PRICE
$3,750,000 USD
PRICE/SF
$1,031 USD /SF
CAP RATE
5.63%
% LEASED
-
TENANCY
Single
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Prime Location Restaurant
PROPERTY TYPE
Retail
PROPERTY SUBTYPE
Restaurant
TOTAL BUILDING SIZE
-
STORIES
1
YEAR BUILT
1930
SPRINKLERS
-
PARKING SPACES
22
LAND DETAILS
LAND ACRES
0.3 AC
LAND SF
13,068 SF
ZONING
RLC
APN/PARCEL ID
17-0056-0012-026-8
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770-501-3007
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