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PH’EAST
925 Battery Avenue Southeast suite 1100, Atlanta, GA 30339, USA
Sands Investment Group is Pleased to Present For Sale the PH’EAST Restaurant Asset Located in Atlanta, Georgia. This Deal Includes a Very Rare Opportunity to Take Over a Leasehold Interest With Major League Baseball’s Atlanta Braves and a Unique Industrial-Style Food Court With Vendors Offering Asian Cuisine, Cocktails & Bubble Tea and a Vibrant Atmosphere.
- Very Rare Opportunity to Take Over a Leasehold Interest With Major League Baseball’s Atlanta Braves
- Unique Industrial-Style Food Court With Vendors Offering Asian Cuisine, Cocktails & Bubble Tea and a Vibrant Atmosphere
- Located in the Heart of The Battery at Truist Park, Home to the Atlanta Braves Baseball Team and the Centerpiece of the Mixed-Use Development That Also Includes Apartments, Offices, Restaurants and More
- The Battery is a $1.1 Billion Baseball Stadium Development, Located Just 10-Miles Northwest of the Heart of Atlanta, and Boasts a Capacity of Over 41,000
- The Battery Also Host Over 150 Events, Including Concerts, Football Games, Artists, Corporate Events, Bands, and Scores of Events Annually
- Food Hall is 100% Occupied and Grosses Over $5M/Year
- Has the Exclusive Right For All Asian Food Concepts on the Braves’ 60 Acre Complex
- Conveniently Located at the Intersection of I-75 and I-285 in the Bustling Cumberland Area, The Battery Atlanta Offers an Unprecedented Entertainment Experience 365 Days a Year, Not Just on Game Days
- Just Minutes From Atlanta’s Roxy Theatre is Resurrected as the Coca Cola Roxy Theatre, For Music Lovers to Enjoy Live Entertainment; See a Show Headlined By Your Favorite Artist at This 4,000-Capacity Venue For a Fun Night Out
- Located on the Campus or With in Walking Distance Are Five Major Hotels: Omni, Aloft, Marriott, Renaissance, and Double Tree Suites By Hilton
- PH’EAST is the Closest Foodservice Option to the New 420-Foot Tower Serving as the ThyssenKrupp Headquarters & the 60,000 Square Foot Papa John’s Headquarters
- Averages 10 Million Visitors to The Battery Atlanta & Truist Park in a Year With an Average Dwell Time of 234 Minutes
In Cooperation With Sands Investment Group Atlanta, LLC – Lic. #67374 BoR: Andrew Ackerman – Lic. GA #311619
PH’EAST
925 Battery Avenue Southeast suite 1100, Atlanta, GA 30339, USA
PH’EAST
PH’EAST is a hand- selected group of hawkers, who skillfully and passionately create their own particular flavors of Asia, and will satisfy any craving for authentic, yet creative, street food. PH’EAST offers a wide variety of beverages, meals to savor or quick snacks before the game from Fan T’Asia, Poke Burri , 26 Thai, and Lifting Noodles Ramen – all to be enjoyed at traditional communal indoor seating or on the 1,500 square foot covered patio. PH’EAST, which opened in January 2020, is part o f the PREP commercial kitchen facility.
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Price
$1,100,000
PREMISES
5,114 SF
RENEWAL OPTIONS
1 x 5 Year Options
Lease Expiration
07/31/2030
RENTAL INCREASES
2.25% Annually
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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