OFFERING MEMORANDUM TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | ± 2,379 SF TABLE OF CONTENTS

Michael Wess, CCIM PROPERTY INFORMATION 3 Partner, Bull Realty EXECUTIVE SUMMARY 4 [email protected] 5 404-876-1640 x150 PROPERTY INFORMATION PHOTOS 6

Andy Lundsberg AREA OVERVIEW 11 Partner, Bull Realty RETAILER MAP 12 [email protected] 404-876-1640 x107 IN THE AREA 13 ABOUT THE AREA 14

ATLANTA TOP EMPLOYERS 15 Bull Realty, Inc. 50 Glenlake Parkway, Suite 600 CONTACT INFORMATION 16

Atlanta, GA 30328 BROKER PROFILES 17 BullRealty.com TEAM PROFILE 18

DISCLAIMER 19

Exclusively listed by Bull Realty, Inc. Page 2 of 19 PROPERTY INFORMATION

Page3 of 19 EXECUTIVE SUMMARY TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

TWO-TENANT RETAIL/OFFICE OFFERING

• Two-tenant building located one block from Candler Park available for sale • 2,379 SF building, formerly one space, is now built out into a dance studio and office space

THE TWO BUILDINGS: 1392 & 1394 MCLENDON AVE

• Attractive to both investors and owner-occupants • 1394 McLendon (dance studio space) consists of 1,180 SF and is now vacant • 1392 McLendon is 1,199 SF and is leased through end of February, 2023 at $1,550 monthly + utilities to a coworking firm

RLC ZONING AND BUILDING LAYOUTS

• Dance studio space has open layout with one restroom and storage space • Office space is former recording studio, with kitchenette and several medium sized offices/conference rooms • Zoned City of Atlanta RLC (Residential Limited Commercial): https://bit.ly/3e56ZmH • Zoning allows for personal service establishments, child care, offices, studios, clinics, schools, restaurants, specialty shops, housing, and others with a special permit

FANTASTIC INTOWN LOCATION

• Great visibility located at stoplight on corner of McLendon Ave and Oakdale Rd NE • 0.4-mile walk to , 0.1 miles to Candler Park, 0.2 miles to DeKalb Ave, 0.7 miles to Ponce De Leon Ave • Abundant free street parking available on both McLendon Ave and Oakdale Rd • 20' and 28' of frontage on McLendon Ave plus 54' of frontage on Oakdale Rd NE

Sale Price | $725,000 Owner Prefers to Seller Finance

Page 4 of 19 PROPERTY INFORMATION TWTWO-TENANTO-TENANT SSTREETTREET RETRETAIL/OFFICEAIL/OFFICE | INVEINVESSTMENTTMENT OR USER | CANDLER PPARKARK | ± 2,379 SF

BUILDINGBUILDING FINANCIALFINANCIAL

Property Address: 1392 & 1394 McLendon Ave NE, Atlanta, GA 30307 Monthly Income: $1,550 + Utilities County: DeKalb Income in place: Through February, 2023 Years Built: 1911/1915 Financing: Seller Financing Preferred Building Size: 2,379 SF Sale Price: $725,000 Units: 2 Occupancy: 50% Signage: Facade Utilities: Separately Metered

SITESITE

Site Size: 2,614 SF Parcel IDs: 15-240-02-098 15-240-02-100 Zoning: RLC (Residential Limited Commercial) Permitted Uses: Personal Service Establishments, Child Care, Offices, Studios Clinics, Schools, Restaurants, Specialty Shops, Housing, Etc. Parking: Street parking available on McLendon Ave and Oakdale Rd

AREAREAA

Frontage: 20' & 28' on McLendon Ave, 54' on Oakdale Rd NE Signalized Intersection: Yes Cross Streets: Oakland Road NE, McLendon Avenue

Page 5 of 19 1394 MCLENDON AVE- INTERIOR TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

Page 6 of 19 1392 MCLENDON AVE- INTERIOR TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

Page 7 of 19 ADDITIONAL AERIALS TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

5-Minute Walk to Edgewood-Candler Marta Station

Page 8 of 19 ADDITIONAL AERIALS TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

Page 9 of 19 ADDITIONAL AERIALS TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

Page 10 of 19 AREA OVERVIEW

Page11 of 19 RETAILER MAP TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

Page 12 of 19 IN THE AREA TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

LITTLE FIVE POINTS

1 Little Five Points is one of Atlanta’s hippest neighborhoods. Shoppers head to Moreland Avenue’s indie stores for offbeat vintage clothing, vinyl and cool gifts, while young locals hang out at the dive bars, burger joints, and Ethiopian and vegan eateries that line the surrounding streets. The Variety Playhouse, a live music venue in a converted 1940s cinema, hosts an eclectic range of local and national acts.

ATLANTA BELTLINE

2 The Atlanta BeltLine is a sustainable redevelopment project that provides a network of public parks, multi-use trails and transit along a historic 22-mile railroad corridor circling downtown and connecting many neighborhoods directly to each other.

KROG STREET MARKET

3 Krog Street Market is a 9-acre mixed-use development located along the Atlanta BeltLine in . The complex is a 12,000 SF west-coast style marketplace complete with restaurants and 300 apartments.

PONCE CITY MARKET

4 is a mixed-use development located in a historic building in Atlanta, with national and local retail anchors, restaurants, a food hall, boutiques and offices, and residential units. It is located where the BeltLine crosses Ponce de Leon Avenue in the Old Fourth Ward where that neighborhood touches the Virginia Highland, Poncey Highland and Midtown neighborhoods.

Page 13 of 19 ABOUT THE AREA TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

CANDLER PARK- ATLANTA

Historic Candler Park is a neighborhood and park located in Atlanta about 5 minutes east of downtown and just DEMOGRAPHICS south of Ponce De Leon Avenue. The community and park are bordered by bustling Little Five Points and Druid Hills and all of the popular retail and restaurant establishments. The neighborhood is home to many talented people, 1 Mile 15,748 great shops, bars, and everything eclectic. It’s a family-friendly neighborhood with a focus on walkability and 3 Miles 166,927 livability.

POPULATION 5 Miles 381,593 The City of Atlanta initiated a comprehensive and inclusive examination of Ponce de Leon Avenue, Moreland Avenue and the areas around the Edgewood/Candler Park and Inman Park/ Reynoldstown MARTA stations as part of a 1 Mile 8,483 community-based planning process focusing on transportation improvements, land use policies, and sound urban 3 Miles 81,854 design to continue improve the quality of life along the corridors and within nearby neighborhoods.

HOUSEHOLDS 5 Miles 175,358 Candler Park is one of Atlanta’s largest natural greenspaces. Located in the heart of the Candler Park neighborhood, the park allows visitors to enjoy the playground, soccer fields, tennis courts, pool, a 9-hole public golf course and a 1 Mile $122,984 stunning natural habitat home to a wide variety of native species. Working in partnership with the City of 3 Miles $117,560 Atlanta and community residents, the Candler Park Conservancy helps create a long-term vision for the park’s growth and increased amenities and access for city residents. AVG. HH INCOME 5 Miles $102,604

* Source: CandlerPark.org STRONG DEMOGRAPHICS

• 68% of population in 1-mile radius have college education or higher

• 79% of population in surrounding area are white-collar workers

• Average household income of $122,984 in 1-mile radius; 28% higher than the national average

Page 14 of 19 ATLANTA TOP EMPLOYERS TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

TOP EMPLOYERS

EDUCATION MAJOR ATTRACTIONS

Page 15 of 19 CONTACT INFORMATION

Page16 of 19 BROKER PROFILES TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

Michael Wess’ passion for the consultation and sale of commercial real estate began during his undergraduate studies at the University of Georgia. He earned a 4.0 GPA at the Terry College of Business’s real estate program, consistently ranked in the top five nationally. While there, Michael also received two other degrees in finance and international business and a minor in Spanish while participating on UGA’s rugby team and various philanthropic organizations.

Michael joined Bull Realty in 2016 and began building his brokerage practice based on integrity, superior client service, and exceptional results. In 2018 alone, Michael closed 23 transactions valued at over $25,000,000, which landed him #3 of 32 brokers at the firm. Since 2018, he has recorded eight ‘highest price ever’ record sales. In 2019, Michael Wess and Andy Lundsberg teamed up and sold over $65,000,000 through 34 transactions combined culminating in a Partnership offer from the firm.

Michael continuously attends seminars, conferences, and classes to improve his knowledge of real estate, finance, and economics. He is a pinned designee of the prestigious Certified Commercial Investment Member (CCIM) Institute, commercial real estate’s global standard for professional achievement and is an active member of the Atlanta Commercial Board of Realtors (ACBR). Michael Wess, CCIM When not enjoying his career, Michael continues pursuing his passions for athletics and international travel and loves a weekend camping and Partner, Bull Realty hiking in the north Georgia mountains. Michael is also a ‘big brother’ in the Big Brothers Big Sisters organization. He enjoys spending time [email protected] with family and friends exploring the neighborhoods in and around Atlanta. 404-876-1640 x150

Andy Lundsberg has over 20 years of sales, marketing and commercial real estate experience. He specializes in the acquisition and disposition of multifamily and boutique retail/office type properties throughout metro-Atlanta. Andy Lundsberg is recognized as the top producer at Bull Realty for the last 6 years in a row with gross sales close to $200 million over the last three years, and has consistently achieved the Atlanta Commercial Board of Realtors Million Dollar Club designation 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 Organizations: National Association of Realtors-Georgia Partner, Bull Realty Atlanta Commercial Board of Realtors [email protected] Young Council of Realtors (YCR) 404-876-1640 x107 Million Dollar Club (2008 - Present)

Page 17 of 19 TEAM PROFILE TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

Michael Wess, CCIM Michael Bull Partner, Bull Realty Broker [email protected]

404-876-1640 x150

Aubri Lienemann Marketing

Andy Lundsberg Randee Comstock Partner, Bull Realty Marketing [email protected]

404-876-1640 x107

Scott Jackson Analyst

Page 18 of 19 DISCLAIMER TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER | CANDLER PARK | ± 2,379 SF

Bull Realty has been retained as the exclusive listing broker to arrange the sale of the Subject Property.

This Offering Memorandum contains selected information pertaining to the Property but does not purport to be all-inclusive or to contain all of the information that a prospective purchaser may require. All financial projections are provided for general reference purposes only and are based upon assumptions relating to the general economy, competition and other factors, which therefore, are subject to material change or variation. Prospective purchasers may not rely upon the financial projections, as they are illustrative only. An opportunity to inspect the Property will be made available to qualified prospective purchasers.

In this Offering Memorandum, certain documents, including financial information, are described in summary form and do not purport to be complete or accurate descriptions of the full agreements involved, nor do they constitute a legal analysis of such documents. Interested parties are expected to review independently all documents.

This Offering Memorandum is subject to prior placement, errors, omissions, changes or withdrawal without notice and does not constitute a recommendation, endorsement, suitability or advice as to the value of the Property by Bull Realty Inc. or the current Owner/Seller. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of purchasing the Property described herein.

Owner/Seller expressly reserve the right, at its sole discretion, to reject any or all expressions of interest or offers and/or to terminate discussions with any party at any time with or without notice. Owner/Seller shall have no legal commitment or obligation to any purchaser reviewing this Offering Memorandum or making an offer on the Property unless a written agreement for the purchase of the Property has been fully executed, delivered and approved by the Owner/Seller and any conditions to the purchaser's obligations therein have been satisfied or waived. The Owner/Seller reserves the right to move forward with an acceptable offer prior to the call for offers deadline.

This Offering Memorandum may be used only by parties approved by the Broker. The Property is privately offered, and by accepting this Offering Memorandum, the party in possession hereof agrees (i) to return it if requested and (ii) that this Offering Memorandum and its contents are of a confidential nature and will be held and treated in the strictest confidence. No portion of this Offering Memorandum may be copied or otherwise reproduced or disclosed to anyone without the prior written authorization of Bull Realty, Inc. The terms and conditions set forth above apply to this Offering Memorandum in its entirety and all documents, disks and other information provided in connection therewith.

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