For Sale
$3,540,000

2385 Peachtree PkwyCumming, GA 30041

Georgia Auto Shop - NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 4,728 square foot Express Oil Change & Tire Engineers located at 2385 Peachtree Pkwy, Cumming, GA 30041. The property, built in 2007 and situated on 1.01 acres, benefits from a new 20-year absolute triple-net (NNN) lease commencing December 10, 2023, and expiring December 9, 2043. The lease includes four 5-year renewal options and attractive 10% rent increases every five years, ensuring consistent income growth. The tenant, Express Oil Change & Tire Engineers, is backed by a corporate guarantee from Mavis Express Services TopCo Corp., a highly reputable company with over 1,100 locations. This prime location boasts exceptional visibility on Peachtree Pkwy (26,000+ vehicles per day) with convenient ingress and egress. The property is an outparcel to a Walmart Supercenter and adjacent to a Target and Home Depot, drawing a combined 2.9 million annual visits. Cumming, GA, is an affluent suburb of Atlanta with a strong average household income of $194,193 within a 3-mile radius and projected 13.5% population growth by 2027. The property generates a Net Operating Income (NOI) of $200,000, resulting in a 5.65% cap rate. This is a fee-simple ownership opportunity with a 100% occupancy rate. The asking price is $3,540,000.

Highlights

  • $3,540,000 asking price, 5.65% cap rate, and a 20-year absolute NNN lease.
  • Strong corporate guarantee from Mavis Express Services TopCo Corp., operator of over 1,100 locations.
  • Excellent location: outparcel to Walmart, adjacent to Target and Home Depot, with combined 2.9 million annual visits.
  • High visibility on Peachtree Pkwy (26,000+ vehicles per day) with easy access.
  • Situated in affluent Cumming, GA, boasting a $194,193 average household income within 3 miles and projected 13.5% population growth by 2027.

Property Details for 2385 Peachtree Pkwy

Property type
Retail properties, Auto shops
Square Feet
4,728 SF
Year Built
2007
Buildings
1
Lot Size (sq. ft)
43,996 SF
Units
1

Location Insight

City
Cumming
County
Forsyth
State
Georgia
Latitude
34.10100824
Longitude
-84.176966
2385 Peachtree Pkwy, Cumming, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
2385 Peachtree Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message