Sold
$6,755,000
6.9% cap · 21,460 sq ft RBA · Class B
6840 Memorial Dr SE
Atlanta, GA 30312
Listed 3 months ago$315/sq ft
01 / 08
NewFor SaleRetail
$6,270,000
3989 Howell Mill Rd NW
Old Fourth Ward · Atlanta, GA 30316
$324/sq ft4 days on market960 views56 saves
Key facts
- Interior
- 19,350 sq ft
- Lot
- 1.13 acres
- Year built
- 1969
- Property type
- Retail
- Price / sq ft
- $324/sq ft
- Annual taxes
- $57,680
- Days on market
- 4
Getting around
Walk Score87
Very Walkable
Transit Score63
Good Transit
Bike Score71
Very Bikeable
About this property
Investors have been asking for Old Fourth Ward product at this basis for two years. The improvements include highway frontage, corner visibility and drive-thru. Full offering memorandum and T-12 available under NDA.
Investment summary
Investment summary
Cap rate
6.70%
Net operating income ÷ price
Net operating income
$420,090
Annual, after operating expenses
Cash-on-cash
+3.0%
$56,201 annual cash flow on $1,881,000 equity
Occupancy89%
17,222 sq ft leased of 19,350 sq ft
- Tenants
- 5
- Rentable area
- 19,350 sq ft
- Price / sq ft
- $324/sq ft
- WALE
- 5.6 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- GR
- Parking
- 82 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $363,889 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Parking & Access
- On-Site Parking
Highlights
- Highway Frontage
- Corner Visibility
- Drive-Thru
- Build-to-Suit Ready
- NNN Leases in Place
- Value-Add Upside
Price history
Every listing event recorded for this property.
- Listed
- Sold
| Date | Event | Price |
|---|---|---|
| 2015-07-20 | Sold | $3,860,000 |
| 2026-07-21 | Listed | $6,270,000 |
Location
Old Fourth Ward, Atlanta — Fulton County
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Approximate location · Old Fourth Ward
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Estimated monthly
$38,011/mo
- Principal & interest83%$31,375
- Property tax13%$4,807
- Home insurance5%$1,829
An estimate, not a quote. Insurance is seeded at 0.35% of the purchase price and excludes mortgage insurance, which most lenders require below 20% down.
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Loan amount $5,016,000 · 30 yr · 6.40%
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