Plaza Hispania – Atlanta, GA

122 Cleveland Ave SW, Atlanta, GA 30315, USA

Sands Investment Group is pleased to exclusively offer for sale the 11,842 SF Plaza Hispania Asset located at 122 Cleveland Avenue SW in Atlanta, GA. This fully occupied strip center offers immediate, stable cash flow through a diversified mix of 5 service-oriented and experiential tenants, eliminating single-tenant exposure while reducing susceptibility to e-commerce disruption. Located less than 10 minutes from Downtown Atlanta, the property benefits from excellent regional connectivity, strong surrounding demographics, and convenient access to the city’s major employment centers.

  • Stabilized Strip Center With 100% Occupancy: The center totals 11,842 SF and is fully leased to 5 tenants with no current vacancy, providing investors with immediate in‑place cash flow and no near‑term lease‑up risk.
  • No Single-Tenant Exposure; Diverse Tenant Mix: Tenancy includes a government‑supported vocational hair school (Profile Institute), neighborhood beauty supply, food catering user, adult care center, and a comedy/theater club, creating an experiential and service‑oriented mix that is less susceptible to e‑commerce disruption.
  • Infill Atlanta Location Minutes From Downtown: Plaza Hispana is located less than 10 minutes south of Downtown Atlanta via the I‑75/I‑85 Downtown Connector, providing strong regional connectivity and access to Atlanta’s core employment base.
  • Functional Site With Parking and Signage: The property is a single‑story strip center with multiple bays, on‑site surface parking (roughly 70 spaces, or about 5.9 spaces per 1,000 SF), and prominent pylon signage along Cleveland Avenue for strong tenant visibility
  • Below Replacement Cost Pricing: Offered well below replacement cost with a PSF just over $190, giving investors an attractive basis relative to the cost of ground‑up construction in metro Atlanta.

In Cooperation With Sands Investment Group Atlanta, LLC – Lic. #67374 BoR: Andrew Ackerman – Lic. GA #311619

Price

$2,250,000

Cap Rate

7.78%

PREMISES

11,842 SF

YEAR BUILT

2001

RENEWAL OPTIONS

Yes

Lease Expiration

Varies

RENTAL INCREASES

Varies

BROKERS

List with SIG

Tap into the expertise of brokers who specialize in your property type.

Get In Touch