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    845 Flat Shoals Ave SE Atlanta, GA 30316

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    For Sale
    $1,289,000

    Two-tenant building in thriving East Atlanta with true NNN leases.

    Building Details

    Year built
    1959

    Source: Michael Wess, CCIM Agent Michael Wess, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    East Atlanta Food and Beverage Building

    This two-tenant food and beverage building is located in the thriving East Atlanta area. The property features true NNN leases, allowing for reimbursement of CAPEX and management, with very minimal landlord responsibilities. The lease structure includes 3% and 5% escalations. The freestanding building is situated on a corner parcel with fantastic visibility on busy Flat Shoals Road, which sees approximately 6,410 vehicles per day. A surface lot provides 10 parking spaces. The property is surrounded by new townhomes in the $600,000s and is less than a mile from East Atlanta Village, Moreland Ave, and the I-20 exit at Flat Shoals Road. One tenant, Chef Lance Gummere of Mercer Street Meals, was awarded “Top 10 Most Memorable Restaurants” and “Most Anticipated New Restaurant” and has a 4.9 Google rating. The other tenant, The Brunch At East Atlanta, has a brand new restaurant and bar buildout and a 4.3 Google Rating.
    Location Intelligence

    Current Use by Public Records

    Mercer Street Meals Mobile Caterer

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Simply Catering, Ambi Jay's Catering, Mercer Street Meals, DDDELICIOUSISLANDCUSINE

    Location Insight

    • Map
    • Local Demand
    City
    Atlanta
    County
    Cobb
    State
    Georgia
    Longitude
    -84.3369807
    Latitude
    33.7308444

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    FAQs

    What type of property is this?
    Restaurant - Two-tenant building in thriving East Atlanta with true NNN leases.
    Where is this restaurant located?
    The property is located at 845 Flat Shoals Ave SE Atlanta, GA.
    What is the asking price?
    The asking price for this property is $1,289,000.
    What are key features of this property?
    This property features: - Two established food and beverage tenants with strong Google ratings (4.9 and 4.3).; - True NNN leases allowing for reimbursement of CAPEX and management expenses.; - Hands-off lease structure with minimal landlord responsibilities and 3% and 5% escalations.
    (404) 876-1640
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    845 Flat Shoals Ave SE Atlanta, GA 30316
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    845 Flat Shoals Ave SE Atlanta, GA 30316
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