Hudson Grille
Closed2075 Northlake Pkwy, Tucker, GA 30084
Property type
Retail
Unit / Space count
1
Price
$1,375,000
Building size
5,207 sf
Rentable area
5,207 SF
Year built
1980
Year renovated
Occupancy
100%
APN
18-0189-03-013
Zoning code
M
Lot size
1.47 Acres
Price per Unit
$1,375,000
Price per SF
$264.07
Property description
Franklin Street is pleased to present this Hudson Grille location in Tucker, Georgia. Tucker is located just northeast of Atlanta, along the interstate perimeter and a major retail and employment hub. Hudson Grille was recently signed to a 10-year NNN lease extension, further showing their commitment to the site. The lease is backed by an experienced restaurant operator in Atlanta MSA with strong historical sales at this location. The guarantor currently operates 8 restaurants in Atlanta MSA with plans to open several more in the following years. Hudson Grille is strategically located in the main retail hub for Tucker and is surrounded by major centers including: Northlake Mall, Tucker Meridian, Northlake Square, Briarcliff Village, Northlake Festival, among others. Major office tenants in the area include: Bank of America, GMS, Kroger, Wood Group, Kaiser Permanente, among many others.
Property highlights
- Recent 10-year lease extension with Hudson Grille in Atlanta MSA
- 10% rent increases every 5 years
- Located in dense commercial corridor with major retailers and offices
- Very low rent to sales ratio: Financials available
- Large corner parcel (1.49 Acres) at lighted intersection
- Strong lease guarantee from experienced restaurant operator: 8 units
- Densely populated market: 260,000+ people within 15 minutes
- Surrounded by traffic generators including Northlake Mall, Target, Best Buy, Kroger, Publix, LA Fitness, Sprouts, Ross, etc.
- Strong brand recognition in Atlanta MSA amongst sports bars
- Replaceable rent should tenant ever leave