Price cut −7%Open Sun
$7,685,000
6.8% cap · 28,480 sq ft RBA · Class B
5645 Memorial Dr SE
Atlanta, GA 30307
Listed 7 months ago$270/sq ft
01 / 08
PendingRetail
$7,685,000
8204 DeKalb Ave NE
West Midtown · Atlanta, GA 30308
$311/sq ft77 days on market2.0K views44 saves
Key facts
- Interior
- 24,720 sq ft
- Lot
- 0.74 acres
- Year built
- 1979
- Property type
- Retail
- Price / sq ft
- $311/sq ft
- Annual taxes
- $70,700
- Days on market
- 77
Getting around
Walk Score80
Very Walkable
Transit Score56
Good Transit
Bike Score61
Bikeable
About this property
Rarely available West Midtown retail property offered free and clear. Drive-Thru and on-site parking make the space genuinely functional rather than merely leasable.
Investment summary
Investment summary
Cap rate
6.50%
Net operating income ÷ price
Net operating income
$499,525
Annual, after operating expenses
Cash-on-cash
+2.3%
$53,514 annual cash flow on $2,305,500 equity
Occupancy86%
21,259 sq ft leased of 24,720 sq ft
- Tenants
- 3
- Rentable area
- 24,720 sq ft
- Price / sq ft
- $311/sq ft
- WALE
- 9.1 yrs
- Lease type
- NNN
- Building class
- Class B
- Zoning
- CG-1
- Parking
- 111 spaces
Cash-on-cash assumes 30% equity, a 6.75% fixed rate and 25-year amortisation — $446,011 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
- Drive-Thru
- Highway Frontage
- Anchored Center
- NNN Leases in Place
- Opportunity Zone
- Value-Add Upside
- 24/7 Card Access
Price history
Every listing event recorded for this property.
- Listed
- Pending
- Sold
| Date | Event | Price |
|---|---|---|
| 2020-03-16 | Sold | $5,494,000 |
| 2026-05-09 | Listed | $7,685,000 |
| 2026-07-24 | Pending | $7,685,000 |
Location
West Midtown, Atlanta — Fulton County
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Approximate location · West Midtown
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Estimated monthly
$46,589/mo
- Principal & interest83%$38,456
- Property tax13%$5,892
- Home insurance5%$2,242
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 $6,148,000 · 30 yr · 6.40%
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