Steve Josovitz of The Shumacher Group Leases to Fifth Third Bank

Steve Josovitz of The Shumacher Group, Inc.  Leases freestanding at 3931 Buford Hwy NE, Atlanta, GA 30345  to Fifth Third Bank. The Shumacher Group, Inc. and Steve Josovitz represented Landlord. Partner in this transaction was Kirk Buttle of CBRE who represented Fifth Third Bank.

Property Info:

Freestanding for lease at 3931 Buford Hwy NE, Atlanta, GA 30345.

Freestanding 3346/sf with a drive-thru.

Lot Size 0.38 AC with cross-easement and parking.

Perfect for Any Restaurant, Retail, Medical, Bank or Office.

Grease traps and roof exhaust still in place but the restaurant was converted to Office.

Rental rate is $10,000 with annual taxes at $6600.

Insurance is at $2614 annually.

High Traffic Location at Buford Hwy & Clairmont Road.

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Description
BOOMING ATLANTA SUBMARKET Surrounding residential developments include Skyland Brookhaven, a 172 unit luxury townhome development across from the subject property, and a 3.5-acre site luxury townhome development directly behind the shopping center.

NUMEROUS EMPLOYMENT & TRAFFIC GENERATORS NEARBY Developments include a 300,000 SF Children’s Healthcare of Atlanta (CHOA) facility; a $90 million CDC Campus; Peachtree DeKalb Airport (PDK) responsible for over 7,300 jobs and $819 million in gross product; and Doraville Assembly— a $1 billion dollar redevelopment set to transform the submarket.

OUTPERFORMING ECONOMIC GROWTH Job growth in Atlanta remains strong as 53,000 positions are created this year. Last year, 56,000 workers were hired. Vacancy levels are at or near all-time lows while year over year rent growth continues over 3 percent.

DENSE CORE MARKET DEMOGRAPHICS The subject property has a five-mile population of over 295,000 people with average household incomes exceeding $96,000. This population has grown at a rate of 16.6 percent since 2000. The property has quick access to Interstate 85 (VPD:20,600) via Clairmont Road and the Atlanta Perimeter, Interstate 285 (VPD: 228,500), via Buford Highway.

Highlights
Aldi Outparcel with Frontage on Buford Highway (VPD: 20,600) Booming Chamblee / Brookhaven Submarket Numerous National Retailers and Traffic Generators Nearby

Traffic
Collection Street      Cross Street                       Traffic Vol      Year      Distance
Buford Hwy NE       Dering Cir NE, SW           19,410             2017      0.16 mi
Clairmont Rd NE    Raven Hill Dr. NE, S        22,290            2017       0.26 mi
Clairmont Rd NE    Clairmont North NE, S    25,890           2017      0.44 mi