For Sale
$3,540,000

525 Peachtree Pkwy Cumming, GA 30041

High-return NNN lease, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a 4,157 square foot Express Oil Change & Tire Engineers located at 525 Peachtree Pkwy, Cumming, GA 30041. The property, built in 2011 and situated on a 0.79-acre lot, is currently operating under a 20-year absolute NNN lease commencing December 10, 2023, and expiring December 9, 2043. The lease includes four 5-year renewal options and features a 10% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $200,000, resulting in a 5.65% capitalization rate. The property benefits from a corporate guarantee by Mavis Express Services TopCo Corp., a highly reputable company with a significant portfolio. This location enjoys excellent visibility and accessibility, proximate to the Collection at Forsyth, a major mixed-use development with over 80 retailers and significant traffic volume. Cumming's robust population growth, exceeding 50.4% since 2010, further strengthens the investment potential. The property's strategic location near Lake Lanier, a popular tourist destination, adds to its appeal. This is a fee-simple ownership opportunity with a strong tenant and a long-term lease, making it an ideal addition to any investment portfolio. The asking price is $3,540,000.

Highlights

  • 20-year absolute NNN lease with 10% rent increases every five years and four 5-year renewal options.
  • Mavis Express Services TopCo Corp. corporate guarantee.
  • Excellent location near the Collection at Forsyth, a major mixed-use development with over 80 retailers.
  • Proximity to Lake Lanier, a popular tourist destination.
  • Strong demographics: Cumming, GA has experienced significant population growth (50.4% since 2010) and high average household income.

Property Details for 525 Peachtree Pkwy

Property type
Retail properties, Auto shops
Square Feet
4,157 SF
Year Built
2011
Buildings
1
Lot Size (sq. ft)
34,412 SF

Location Insight

City
Cumming
County
Forsyth
State
Georgia
Latitude
34.14959368
Longitude
-84.17301555

FAQs

What type of property is this?
Retail property - High-return NNN lease, strong tenant.
Where is the retail property located?
The property is located at 525 Peachtree Pkwy Cumming, GA.
What is the asking price?
The asking price for this property is $3,540,000.
What are key features of this property?
This property features: 20-year absolute NNN lease with 10% rent increases every five years and four 5-year renewal options.; Mavis Express Services TopCo Corp. corporate guarantee.; Excellent location near the Collection at Forsyth, a major mixed-use development with over 80 retailers.
How can I contact the broker?
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525 Peachtree Pkwy
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