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1620 Piedmont Ave NE
Atlanta, GA 30324

$4,000,000 USD

Restaurant For Sale  •  3,639 SF

Property Details

  • Property Type Restaurant
  • Total Building Size 3,639 SF
  • Lot Size 0.3 AC
  • Building Class C
  • Year Built 1930
  • Cap Rate 5.28 %
  • Tenancy Single
  • Zoning RLC
31 Transit Score
76 Walk Score

Highlights

5% Profit Share at $3.5 Million of Annual Sales With No Cap in Earnings; (ie; $4,000,000 x 5% = $200,000 to Landlord)
Two Personal Guaranties: $3,000,000+
Landlord and Tenant Have Invested an Estimated $1,200,000M Into the Location Including, But Not Limited to: Brand New Equipment, Face Lift, Etc
Estimated Value of $400,000 Included in Sale
Executive Chef, Jean Louis, Originates From Ivory Coast; He Pursued His Culinary Education in Paris and Has a Remarkable Background
With High Foot Traffic, Versatile Layout, Modern Amenities and Historic Charm in an Established Neighborhood
Cap Rate: 5.28 %

Major Tenants

Tenant SF Occupied Lease End Date
Naas Milan, LLC 3,639 SF 4/1/2025

Amenities

  • Bus Line
  • Signage

Public Transportation

Commuter RailDriveWalkDistance
Atlanta (Crescent - Amtrak) 7 min - 3.0 mi
AirportDriveWalkDistance
Hartsfield - Jackson Atlanta International 25 min - 14.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 22
Type: Surface
Included in Rent: Yes
Munir Meghjani 770-501-3007 Sands Investment Group Atlanta, LLC
Munir Meghjani 770-501-3007 Sands Investment Group Atlanta, LLC