Brochures - Bull Realty

Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Intown Net Leased Retail Investment Portfolio
Popular Memorial Drive Location
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Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Table of Contents
For more information, please contact:
Andy Lundsberg
Partner
404-876-1640 x 107
[email protected]
Bull Realty, Inc.
50 Glenlake Parkway
Suite 600
Atlanta, GA 30328
www.BullRealty.com
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Executive Summary
3
415 Memorial Drive
4
421 Memorial Drive
5
304 Oakland Avenue
6
Zoning– Permitted Uses
7
Survey
10
Parcel Map
11
Aerial View
12
Tenant Information
13
Memorial Drive Developments
14
Location Maps
15
Demographics & Traffic Count
17
About the Area
18
Broker Profile
19
Confidentiality Agreement
20
P 2 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Executive Summary
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Intown Net Leased Retail Portfolio
Grant Park | Atlanta, Georgia
Total of 20,950 SF of retail on over an acre of land consisting of 3
separate properties:
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415 Memorial Drive: 15,700 SF with additional 400 SF of roof top patio (0.46
acre)
421 Memorial Drive: 1,900 SF (0.19 acre)
304 Oakland Avenue: 3,350 SF with additional 400 SF of outdoor patio (0.37
acre)
Excellent intown location with approximately 265 feet of frontage on Memorial
Drive in popular Grant Park
Traffic counts of over 10,210 cars per day
Popular long-term restaurant tenants include: Tin Lizzy’s, Ria’s Bluebird and
Mezcalito’s
Surrounded by several new mixed use residential developments, across the
street from the Historic Oakland Cemetery
Minutes from downtown Atlanta and the Georgia State Capitol
2016 year end projected cap rate: 7%
Offered for SALE at $5,500,000
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Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
415 Memorial Drive
Address
415 Memorial Drive
Atlanta, GA 30312
County
Fulton
Building Size
15,700 SF
plus 400 SF roof-top patio space
Lot Size
0.46 acre
Tenants
Tin Lizzy’s Cantina, My Friend’s Beer Growler,
Express Cleaners, HOBI Studio
Parking
Upfront surface and rear spaces are available
Year Built
Zoning
1959
SPI 22, Sub Area 4
P 4 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
421 Memorial Drive
Address
421 Memorial Drive
Atlanta, GA 30312
County
Fulton
Building Size
1,900 SF
Lot Size
0.19 acre
Tenants
Ria’s Bluebird Cafe
Parking
Upfront surface spaces are available
Year Built
Zoning
1959
SPI 22, Sub Area 4
P 5 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
304 Oakland Avenue
Address
304 Oakland Avenue
Atlanta, GA 30312
County
Fulton
Building Size
3,350 SF plus 400 SF patio space
Lot Size
0.37 acre
Tenants
Mezcalito’s Restaurant
Parking
Ample spaces are available
Year Built
Zoning
1959: Renovated in 2012
SPI 22, Sub Area 4
P 6 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Zoning—Permitted Uses (1 of 3)
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
For more information, visit:
City Of Atlanta—SPI 22, Sub Area 4
P 7 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Zoning—Permitted Uses (2 of 3)
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
P 8 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Zoning—Permitted Uses (3 of 3)
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
P 9 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Survey
Not Included
421 Memorial Drive
415 Memorial Drive
304 Oakland Avenue
P 10 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Parcel Map
Subject Property
P 11 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Aerial View
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
P 12 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Tenant Information
Tin Lizzy’s Cantina is known for their refreshing margaritas, friendly service, lively
music and of course, their FlexMex cuisine.
It’s similar to what people call Tex-Mex, but
with a little more flair. Not only does it perfectly describe their menu, which is comprised of and influenced by many cultures,
FlexMex is also an attitude or experience
that evokes a feeling of belonging and pure
awesomeness.
They are also proud of their Atlanta-based
roots and have locations all over the city to
serve over 25 gourmet soft tacos, shareable
dips, crisp salads, hot skillets, specialty margaritas and more. Open for lunch, dinner or
late-night drinks. Also, watch the latest
sports action on their HDTVs and enjoy live
music five nights a week.
www.tinlizzyscantina.com
From Berlin to San Francisco, Ria’s cooking has
gained a cult following for her gourmet Southern
classics in the heart of Atlanta: light & fluffy biscuits,
topped by a generous portion of thick, spicy milk
gravy, just like grandma used to make. Buttermilk
pancakes moist and delicate enough to prompt locals, and Jane Fonda, to tout them as the ‘best in
the City’. And innovative sandwiches like the popular prosciutto, brie, dates & basil on toasted baguette. Locally roasted coffee from Batdorf & Bronson acts as the bass note to Ria’s creations.
Chef Ria Pell earned her stripes in some of the toniest kitchens of the City, like Dish, Mondo and Chef
Annie Quatrano’s Float Away Café. Under
Quatrano, Pell developed her natural instinct for
surprising, yet grounded, experiments in the art of
gourmet cuisine. But it was Pell’s Danish grandmother, and New Jersey mother, who inspired her
to cook delicious food like the hand-sifted pancakes
topped with carmelized bananas that has become a
signature classic.
www.riasbluebird.com
Mezcalito's Cocina & Tequila Bar brings an
origional twist of Mexican dishes to Grant
Park. Originally based recipes from Acapulco are nothing but of the ordinary. All of
their food and drinks are carefully prepared
daily, bringing only the freshest dishes in
town.
Their menu features appetizers, salads,
soups, different moles, tacos, enchiladas,
chile rellenos, and a variety of specialities.
Beer selections from Pacifico to Palma
Louca, Xingu, and Victoria are just a few
among many that will make your experience unforgettable. They are also known for
their margaritas, they hand squeeze the
limes and lemons to create the freshest
margaritas in town.
Their friendly & romantic atmopshere welcomes families, dates, and big parties. One
can also enjoy their pet friendly patio’s during the warmer months.
www.mezcalitoscantina.com
P 13 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Memorial Drive Developments (1 of 2)
The George
130-unit apartment building
The Plan calls for 12,000 SF of retail
and include one to two restaurants
The Leonard
Size 1.1 acre
The plan The site of
an 85-unit apartment
building coming soon.
Crown Candy Lofts
Home to 21 authentic loft living spaces
Mattress Factory Lofts
Unique & Fascinating mixed-use complex,
with approximately 125,000 SF of creative
commercial space and 218 loft residences.
Subject Property
Tin Lizzy’s
My Friend’s Beer Growler
Express Cleaners
HOBI Studios
Ria’s Bluebird
Mezcalito’s
The Jane
Octane
The Little Tart Bakeshop
Six Feet Under
Elevator Factory
Republic Social House
Hawkins & Clover
Salon Styles
Matchstic
Experience Rethink
NEX Atlanta
Sixthman
JSI
UrbanTrans
Sol Design
Surterra Therapeutics
Agave Restaurant
Eclectic southwestern eatery
that appeals to a wide cross
section of taste & style while
focusing on guest satisfaction in the high energy dining room & bar.
The Parker
Size 2.35 acres
The plan Atlantic
Realty will build a
238-unit luxury
apartment building
on this valuable site.
Larkin on Memorial
Size: A 63,000 SF mixed-use
re-development
The Plan The goal of the center to
serve the Grant Park, Ormwood Park,
Cabbagetown, Reynoldstown, & East
Atlanta Neighborhoods that will offer
a range of essential, everyday services & provisions for households in
these flourishing Eastside neighborhoods from dry-cleaning to daycare
to quality groceries & dry goods.
P 14 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Memorial Drive Developments (2 of 2)
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Subject Property
These 26 Projects Will Radically Transform Memorial Drive
“Since early 2014, the two-mile stretch of Memorial Drive east of the Downtown Connector has become the site of one of Atlanta’s biggest development
booms. Given its proximity to both downtown and the Atlanta BeltLine’s Eastside Trail, an assortment of builders plans to spend north of $600 million—more
than double the expected redevelopment costs for Turner Field—on more than two dozen projects along the former industrial corridor.
“We’re going to see investment in this area for the foreseeable future,” says Greg Giuffrida, Central Atlanta Progress’s point person for Memorial Drive planning
and outreach.
With more than 1,300 apartments and condos under development, Paces Properties CEO David Cochran envisions the strip becoming “the next Inman Park.”
But it’s more than housing: Proposals include everything from freestanding restaurants (Grindhouse Killer Burgers) to basic services like dry cleaning and daycare (Larkin on Memorial) to the state’s mammoth new judicial complex. And, who knows, maybe that momentum will help push pie-in-the-sky projects into
motion, such as a proposal to “cap” the Connector with a grassy park.”
Source: Max Blau | Atlanta Magazine
P 15 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Location Maps
Midtown
Virginia
Highlands
Old Fourth
Ward
Inman Park
Downtown
Grant Park
P 16 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Demographics & Traffic Count
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
2015 Demographics (Esri)
1 mile
Population
19,034
Households
8,398
Average Household Income
$57,470
3 mile
Population
158,675
Households
69,525
Average Household Income
$64,327
5 mile
Population
319,223
Households
138,470
Average Household Income
$67,808
P 17 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
About the Area
Grant Park in Atlanta, Georgia
Grant Park is the fourth-largest in the city, behind Chastain Park, Freedom Park and Piedmont Park.
Grant Park has two major attractions besides the park itself: Zoo Atlanta, established in 1889 and originally known as the Grant Park Zoo; and the Atlanta Cyclorama, a cyclorama featuring the 1864 Battle
of Atlanta from the American Civil War. The park serves over two million visitors per year.
New Developments in the Area Include...
Paces Properties' plans to resurrect the decrepit Atlanta Dairies complex on Memorial
Drive are real, and they have the potential to be spectacular. The 11-acre site at 777 Memorial Drive, technically in Reynoldstown but a proverbial stone's throw from Grant Park
and Cabbagetown, has been a moldering eyesore since Parmalat abandoned it in 2004.
Paces, the developers behind Krog Street Market, filed plans to rezone the property last
fall and closed on it in December. In an exclusive conference call with Curbed Atlanta,
execs David Cochran, George Banks and Merritt Lancaster provided all sorts of details
about their plans for the $125-million project dubbed simply "Atlanta Dairies", an undertaking that will include retail, commercial, office and residential pieces with an
"Americana and entertainment focus."
The Leonard is a mixed-use, boutique multifamily development featuring 85 apartment units in north Grant
Park. It’s located across Memorial Drive from the new linear City park connecting the State Capitol with the
Historic Oakland Cemetery. Just 3 blocks from the MLK MARTA station, it is located immediately adjacent to
the successful restaurant and bar, Augustine’s, and a short walk to many other neighborhood restaurants
such as Six Feet Under, Ria’s Blue Bird Café, Tin Lizzies, Octane, Daddy D’z, and Doc Chey’s. The Leonard also
includes 3,100 square feet of retail/commercial space. Amenities include a club room, fitness center, dog
washing facility, secured parking, and ZipCar deposit/pickup.
P 18 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Broker Profile
ANDY LUNDSBERG
Andy Lundsberg joined Bull Realty with over 10 years of sales, marketing and real estate experience. Within Bull Realty, he specializes in the
acquisition and disposition of multifamily and boutique retail/office type properties in-town Atlanta. Andy was the top producer at Bull
Realty in 2014 & 2015, and has consistently placed in the top percentile of sales volume within the Atlanta Commercial Board of Realtors
Million Dollar Club year after year.
Prior to his career in commercial real estate, Andy worked for a national diagnostic imaging company as director of sales and marketing,
Coca-Cola as a business development manager and was head of on-site sales and marketing for a condominium project with a large
residential real estate firm in Atlanta. With his expertise in the real estate industry and successful sales record, he can help you determine
the right investment for you; whether you are looking to buy, lease or sell commercial real estate.
Andy graduated with honors from The Kelley School of Business at Indiana University where he received degrees in Marketing, Management
and International Studies. He also studied and lived in Seville, Spain and is conversational in Spanish.
Andy Lundsberg
Partner
404-876-1640 x 107
[email protected]
Bull Realty, Inc.
50 Glenlake Parkway
Suite 600
Atlanta, GA 30328
Organizations:
 National Association of Realtors-Georgia
 Atlanta Commercial Board of Realtors
 Young Council of Realtors (YCR)
 Million Dollar Club-Life Member
Bull Realty is a U.S. commercial real estate sales, leasing and advisory firm headquartered in Atlanta. The firm was founded in 1998 with two
primary missions: grow a company of brokers known for integrity and provide the best disposition marketing in the nation.
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Commercial real estate services include acquisition, disposition, project leasing, tenant representation and advisory services.
Areas of expertise include office, retail, industrial, multifamily, land, healthcare, single tenant net lease, special asset, self-storage,
automotive and daycare properties.
Disposition services for appropriate properties can include exposure on up to 415 websites, 17 marketing systems and 3 to 6 emarketing systems.
Additional disposition and lease marketing services may include video, social media, auctions and national radio exposure.
The firm hosts the Commercial Real Estate Show which is a nationally syndicated talk radio show heard by millions of people. Respected
industry analysts, leading market participants and host Michael Bull share market intelligence, forecasts and strategies. The show is
available on any device, anytime on iTunes, YouTube and the show website, www.CREshow.com.
Bull Realty is licensed in ten southeast states and works with affiliates from all over the country.
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Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Intown Net Leased Retail Investment Portfolio
Grant Park in Atlanta, Georgia
Confidentiality Agreement
This Confidentiality Agreement (“Agreement”) is made and agreed to for the benefit of the undersigned party (“Receiving Party”), the owner of the subject property (the “Seller”) and undersigned
broker Bull Realty Incorporated (“Broker”).
Now therefore in consideration of the privileges granted to Receiving Party with respect to receiving certain confidential information, and other good and valuable consideration, the Receiving
Party hereby agrees to the following:
I. Confidential Information:
Receiving Party will receive confidential information regarding property referred to as 415 & 421 Memorial Drive & 304 Oakland Avenue. Prospect agrees to not disclose to any person that the
property may be available for sale or lease, or that discussions or negotiations are taking place concerning the property, n or any terms, conditions, or other facts with respect to the property,
including but not limited to tenant information, lease rates, lease expirations, income and expenses, and any such possible purchase, including the status thereof. The term “person” used in this
agreement shall be interpreted broadly and shall include, without limitation, any corporation, company, partnership or individual other than parties to which Broker approves in writing. Receiving
Party may share information with directors, officers, employees, agents, affiliates, counsel, lending sources, accountants or representatives of Receiving Party that Receiving Party notifies of the
requirements of this Agreement. Receiving Party agrees to not contact the property owner, the management, the tenants, the lender, the vendors, the insurers, the employees or the customers
of any business at the site.
II. Acting as a Principal:
Receiving Party hereby warrants that it is acting as a principal only, and not as a broker, regarding this contemplated transaction. Receiving Party acknowledges that Broker is working an agency
capacity as representing the Seller only in this transaction and is the only Broker involved in this potential transaction. Receiving Party agrees to not be involved in any arrangement to lease or
purchase the property, in whole or in part, as a lender, partner, buyer of the note, buy in foreclosure, buy from bankruptcy court, or in any other manner acquire an investment in, joint venture or
control of the property, unless Bull Realty, Incorporated is paid a commission at closing as per separate agreement with Seller.
This agreement will expire two years from the date hereof.
III. Governing Law
This Agreement shall be governed and construed in accordance with the laws of the State of Georgia.
Accepted and agreed to this _______ day of ___________________, 2016.
Receiving Party
Email ______________________________________________________________________
Phone _____________________________________________________________________
Signature ___________________________________________________________________
Fax ________________________________________________________________________
Printed Name _______________________________________________________________
Title _______________________________________________________________________
Broker
Company Name _____________________________________________________________
Signature ___________________________________________________________________
Address ____________________________________________________________________
Printed Name ________________________________________________________________
____________________________________________________________________
You may return the executed agreement by fax (404) 876-7073 or email [email protected]
Bull Realty, Inc. | 50 Glenlake Parkway, Suite 600 | Atlanta, GA 30328
Bull Realty GA license #20209
P 20 of 20
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or limited in scope,
and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.