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1620 Piedmont Ave NE
Atlanta, GA 30324 Piedmont Heights

$3,200,000 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 6.75 %
• Tenancy Single
• Zoning RLC

31 Transit Score

80 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:

6.75 %

Major Tenants

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

Amenities

• Bus Line
• Signage

Public Transportation

Airport	Drive	Walk	Distance
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