Fully Leased True NNN in Virginia-Highland Area (6.5% cap rate)

Listing Fully Leased True NNN in Virginia-Highland Area (6.5% cap rate) Price:$4,917,500 Status:New •True Triple Net leases, tenants pay all property taxes, insurance operating expenses and maintenance •Long Term Leased: 11 years remaining lease term with renewal options •Tenants have been successful here for 20 years and 15 years respectively plus personal guarantees •Annual rent escalations of 2.5% and CPI respectively •1978 circa 7,810 sq ft retail building plus large outdoor patios of approximately 3,884 square feet •Prime 28,165 sq ft corner site on North Highland Avenue at St. Charles Avenue •Much more parking than normal for area with 46 spaces •Virginia-Highland area is one of Atlanta’s most popular residential, shopping and dining districts •Strong retail frontage visibility and access, 151.3 feet on North Highland Avenue & 186 feet on St Charles Avenue

Fully Leased True NNN in Virginia-Highland Area (6.5% cap rate)