Hattie B's & Sherwin Williams

NOW OFFERING Hattie B’s & Sherwin Williams 299 Moreland Avenue | Atlanta, GA 30307

Rare infill investment opportunityn Below-market rent for future upside n Irreplaceable Atlanta location near the Beltline & MARTA 299 MORELAND AVENUE | ATLANTA, GA EXECUTIVE SUMMARY 299 MORELAND AVENUE | ATLANTA, GA | 3

Ackerman Retail, a division of Ackerman & Co., exclusively offers a rare infill investment SUBJECT PROPERTY opportunity on the booming east side of Atlanta, near the Atlanta Beltline redevelopment corridor.

The investment offering includes two single-tenant buildings housing: Hattie B’s Hot Chicken (brand new 2018 renovation), a restaurant famous as the perfector of Nashville-style hot chicken and Sherwin Williams, the country’s largest specialty MORELAND AVE paint retailer, an S&P rated tenant at below-market rents and new roof (2016).

Located in Little Five Points along the major north/south INVESTMENT PROFILE corridor of Moreland Ave., this property is an irreplaceable infill real estate investment opportunity. Address: 299 Moreland Avenue, Atlanta, GA 30307 Size: 7,929 SF (total GLA)

The Property is located in the heart of Atlanta’s Eastside, Lot Size: 0.77 acres an area known for its distinctive mix of dynamic urban Occupancy: 100% neighborhoods. From Little Five Points and Candler Park to Inman Park and Reynoldstown, Virginia Highlands to Tenants: Hattie B’s, Sherwin Williams Cabbagetown; major residential and commercial investment Ownership Interest: Fee simple is under way to meet rising demand among Atlanta’s rising Offering Price: Market to determine population of young, educated residents seeking walkable Net Operating Income: $266,028 access to urban amenities. Debt: Offered free and clear EXECUTIVE SUMMARY 299 MORELAND AVENUE | ATLANTA, GA | 4

PROPERY HIGHLIGHTS

Rare Infill Net Lease Investment Opportunity in ATLANTA BELTLINE Atlanta’s Eastside – Hattie B’s Hot Chicken, new to Atlanta, was renovated completely in 2018. Sherwin Williams has operated at the site since 2006. SUBJECT Long Term Leases with Escalations – Hattie B’s recently 75 PROPERTY commenced a 10-year lease with a 10% escalation every five years. Sherwin Williams has operated at the site since 85 2006 and has below-market rent for future upside. CANDLER PARK

Strong Tenant Mix and Internet Resistant – There is INMAN PARK an ideal demographic to support Hattie B’s Hot Chicken ATLANTA EDGEWOOD and Sherwin-Williams. Lines have formed at lunch and dinner every day since Hattie B’s opened in July 2018 and contractors regularly visit Sherwin Williams due to the REYNOLDSTOWN demand of infill residential housing renovation and new construction. 20 Irreplaceable Real Estate Investment –With more than 40,000 cars per day and more than 140,000 people within 3 miles, this urban infill real estate investment offers a rare chance to own irreplaceable real estate in Atlanta’s Eastside The Little Five Points district growth corridor. has seen 2.5% population growth over the last 10 years. PONCEY DRUID HILLS MIDTOWN MIDTOWN PLACE HIGHLAND PONCE DE LEON AVE PONCE DE LEON AVE PONCE CITY MARKET

NORTH AVE NORTH AVE Candler Park SPRING ST Freedom Park Central Park CANDLER PARK Historic Fourth FREEDOM PKWY Ward Park PEACHTREE ST PEACHTREE OLD FOURTH The Carter SUBJECT WARD Center ATLANTA BELTLINE PROPERTY LITTLE FIVE

PIEDMONT AVE POINTS MCLENDON AVE RALPH MCGILL BLVD

HIGHLAND AVE EDGDEWOOD LAKE CLAIRE BOULEVARD CANDLER PARK 75 EUCLID AVE DEKALB AVE

40,600 AADT RAIL STATION FREEDOM PKWY 85 MORELAND AVE INMAN PARK INMAN PARK REYNOLDSTOWN COURTLAND ST COURTLAND

PEACHTREE CENTER AVE EDGEWOOD RETAIL DISTRICT IRWIN ST KROG STREET MARKET 13,100 AADT RAIL STATION DOWNTOWN

ATLANTA EDGEWOOD AVE DEKALB AVE HOSEA L WILLIAMS DR SWEET AUBURN

KING MEMORIAL GEORGIA STATE EDGEWOOD KIRKWOOD RAIL STATION RAIL STATION CABBAGETOWN REYNOLDSTOWN ATLANTA BELTLINE MEMORIAL DR MEMORIAL DR

ATLANTA DAIRIES MADISON YARDS Collier Department Store 20

LARKIN ON MEMORIAL 20 GLENWOOD PLACE EAST ATLANTA VILLAGE CHEROKEE AVE Grant Park Market GLENWOOD AVE

FOR MORE INFORMATION, PLEASE CONTACT:

SEAN W. PATRICK,CCIM Ackerman Retail is a division of Ackerman & Senior Vice President GA# 256742 Co. GA #H-000028.