Retail Center Anchored by Truist
For Sale
Contact for pricing
825 Martin Luther King JR DR SW, Atlanta, GA 30314
Retail and bank property with established tenants, including Truist Bank, Beauty Depot, and BTJ Wings.
Property Size7,787 SF
Price / SF$327.47
Days on Market56
Property Features for 825 Martin Luther King JR DR SW
General Information
Standard status
Active
Size
7,787 SF
Property subtype
Retail
Zoning
C3
Investment Type
Stabilized
Building Details
Tenancy
Multi
Listing Agency:
Greenwood Commercial Real Estate Group, LLC.
Listed By:
Kenisha Robnett, CCIM, MRED · License #GA348914
Source:
Crexi
Added: Jun 17
Changed: Aug 8
Last Checked: Aug 10 at 4:00PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Greenwood Commercial Real Estate Group, LLC.
Investment Insights
Based on property information with market context.
825 Martin Luther King Jr. Drive SW is a retail-centered commercial property offered for sale. The asset totals 7,787 SF and features an anchored tenant mix that supports multiple day-to-day operating uses on-site.
The property is located on Martin Luther King Jr. Drive SW in Atlanta, positioned within a westside redevelopment corridor as described in the offering. It is anchored by a nationally branded Truist Bank, with additional tenants including Beauty Depot and BTJ Wings.
For buyers or operators seeking a multi-tenant retail and bank format, the existing tenant roster provides straightforward consideration for occupancy-driven use rather than single-tenant reliance. With both financial services and food and personal care concepts represented, the center may appeal to tenants looking for compatible nearby retail activity and established co-tenancy.
The property is located on Martin Luther King Jr. Drive SW in Atlanta, positioned within a westside redevelopment corridor as described in the offering. It is anchored by a nationally branded Truist Bank, with additional tenants including Beauty Depot and BTJ Wings.
For buyers or operators seeking a multi-tenant retail and bank format, the existing tenant roster provides straightforward consideration for occupancy-driven use rather than single-tenant reliance. With both financial services and food and personal care concepts represented, the center may appeal to tenants looking for compatible nearby retail activity and established co-tenancy.
Key Highlights
- Retail and bank property with established tenants including Truist Bank
- Tenant roster includes Beauty Depot (beauty and personal care)
- Tenant roster includes BTJ Wings (food and beverage)
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$105,405
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,108,100
$2.1M
Cap Rate 7%
$1,505,786
$1.5M
Cap Rate 9%
$1,171,167
$1.2M
Market Conditions
NOI Build-Up for 7,787 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$149.5K $19.20/SF
− Vacancy
−$9.0K −$1.15/SF
EGI
$140.5K $18.05/SF
− OpEx
−$35.1K −$4.51/SF
NOI
$105.4K $13.54/SF
Area
Atlanta, GA
Vacancy
6.00%
Lease Rate
$19.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,108,100
Cap Rate 7%
$1,505,786
Cap Rate 9%
$1,171,167
Alternative Uses
Best Use
Specialty Retail
$1.51M
$1.32M – $1.76M
NOI $105,405 @ 7.0% cap · market cap 4.13%
Second Best
Retail
$1.30M
$1.13M – $1.51M
NOI $90,757 @ 7.0% cap · market cap 3.56%
Theoretical Best
Office A
$2.18M
$1.90M – $2.54M
NOI $152,374 @ 7.0% cap · market cap 5.98%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 30314, GA
20,598
Population
9,900
Households
2.1
Avg Household Size
29
Median Age
30%
College-Educated
84%
High-School Grad
4.6 sq mi
ZIP Area
4,478
Density / Sq Mi
$36,870
Median Household Income
$24,810
Median Earnings
$991
Median Rent
$210,300
Median Home Value
Market
Vacancy Rate% for Retail in Atlanta, GA
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Retail and bank property with established tenants, including Truist Bank, Beauty Depot, and BTJ Wings.
Where is this bank located?
The property is located at 825 Martin Luther King JR DR SW Atlanta, GA.
What is the asking price?
The asking price for this property is $2,550,000.
What are key features of this property?
This property features: Retail and bank property with established tenants including Truist Bank; Tenant roster includes Beauty Depot (beauty and personal care); Tenant roster includes BTJ Wings (food and beverage)
