5403 Old National Hwy - Freestanding FOR SALE


Atlanta, GA 30349
$1,428,000 USD
404-812-8927
5403 Old National Hwy, Atlanta, GA for Sale
$1,428,000 USD
Freestanding - FOR SALE
1/4
null | 9% Cap Rate

5403 Old National Hwy
Atlanta, GA 30349


HIGHLIGHTS

  • Family Dollar corporate store with nearly 4 years of term left, and 5 x 5 year options, along with 7.5% rental increases each option period
  • Offered at a 9% CAP and low rent at only $12.75 per square foot.
  • NN lease with the tenant responsible for the HVAC, parking lot, and more - parking lot resealed and restriped in 2024
  • Great Visibility with 42,202 vehicles passing per day on Old National Highway
  • Proximity to major highways such as I-285 and I-85 ensures easy access to downtown Atlanta and Hartsfield-Jackson Atlanta International Airport
  • Average 1-mile household income of $65,906 and is expected to increase by 22.3% in the next 5 years

OVERVIEW

The Family Dollar property benefits from having excellent visibility and accessibility due to its prime location on a major thoroughfare near key highways and the world's busiest airport. Family Dollar has been at this location since 2013, exercised their first option early, with approximately 4 years of lease term left, and 5 x 5 year options with 7.5% increases each option period. Situated in a busy retail corridor, it benefits from high foot traffic and a diverse customer base. The area’s mixed-income demographics align well with Family Dollar's target market, and the high population density ensures a steady stream of customers, making it a strategically advantageous location. While there are approximately 4 years left on the lease, we are told Family Dollar would consider closing the store by making a lump sum payment to the landlord. The area is improving as the average household income within 1 mile is expected to grow by over 22% in the next five years. There are currently over 159,000 people living within 5 miles, with a daytime population over 175,000.

FOR SALE DETAILS

PRICE

$1,428,000 USD

PRICE/SF

$142 USD /SF

CAP RATE

9%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Family Dollar- 9% CAP - Atlanta

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2013

SPRINKLERS

-

PARKING SPACES

50

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,381 SF

ZONING

C1

APN/PARCEL ID

13-0068-LL-161-3

ASK ABOUT THIS PROPERTY

Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

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Elliott KyleSkyline Seven Real EstateMore Info
404-812-8927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.