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Offering Memorandum Two-Tenant Street Retail/Office | Investment Or User Candler Park | ± 2,379 Sf Table of Contents

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Offering Memorandum Two-Tenant Street Retail/Office | Investment Or User Candler Park | ± 2,379 Sf Table of Contents OFFERING MEMORANDUM TWO-TENANT STREET RETAIL/OFFICE | INVESTMENT OR USER CANDLER PARK | ± 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 Little Five Points, 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 Inman Park. The complex is a 12,000 SF west-coast style marketplace complete with restaurants and 300 apartments. PONCE CITY MARKET 4 Ponce City Market 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 Georgia 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.
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