New
$6,270,000
6.7% cap · 19,350 sq ft RBA · Class B
3989 Howell Mill Rd NW
Atlanta, GA 30316
Listed 4 days ago$324/sq ft
01 / 05
SoldRetail
$6,755,000
6840 Memorial Dr SE
Grant Park · Atlanta, GA 30312
$315/sq ft100 days on market2.5K views170 saves
Key facts
- Interior
- 21,460 sq ft
- Lot
- 0.71 acres
- Year built
- 1989
- Property type
- Retail
- Price / sq ft
- $315/sq ft
- Annual taxes
- $62,150
- Days on market
- 100
Getting around
Walk Score65
Somewhat Walkable
Transit Score40
Some Transit
Bike Score61
Bikeable
About this property
Investors have been asking for Grant Park product at this basis for two years. The improvements include corner visibility, drive-thru and signalized corner. Tours coordinated through the listing team; Atlanta submarket comps included in the package.
Investment summary
Investment summary
Cap rate
6.90%
Net operating income ÷ price
Net operating income
$466,095
Annual, after operating expenses
Cash-on-cash
+3.7%
$74,058 annual cash flow on $2,026,500 equity
Occupancy74%
15,880 sq ft leased of 21,460 sq ft
- Tenants
- 4
- Rentable area
- 21,460 sq ft
- Price / sq ft
- $315/sq ft
- WALE
- 5.6 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- CG-1
- Parking
- 95 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $392,037 of annual debt service. Illustrative only; underwrite with the actual rent roll and operating statements.
Features & amenities
Features & finishes
Systems & Efficiency
- Sprinkler System
Highlights
- Corner Visibility
- Drive-Thru
- Signalized Corner
- Anchored Center
- Below-Market Rents
- Build-to-Suit Ready
- 24/7 Card Access
- NNN Leases in Place
Price history
Every listing event recorded for this property.
- Listed
- Price raise
- Sold
| Date | Event | Price |
|---|---|---|
| 2018-11-03 | Sold | $5,760,000 |
| 2026-04-16 | Listed | $6,433,000 |
| 2026-05-26 | Price raise | $6,755,000 |
| 2026-07-22 | Sold | $6,755,000 |
Location
Grant Park, Atlanta — Fulton County
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Approximate location · Grant Park
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Estimated monthly
$40,952/mo
- Principal & interest83%$33,802
- Property tax13%$5,179
- Home insurance5%$1,970
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 $5,404,000 · 30 yr · 6.40%
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