For Sale
$3,419,000

2573 Summers StKennesaw, GA 30144

11,200 SF, 10-Year NNN Lease

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a brand-new, 11,200-square-foot retail building in Kennesaw, Georgia, constructed in 2024. The property boasts a 10-year net lease with a prominent tenant lineup including Dollar General, Sherwin-Williams, O'Reilly Auto Parts, and Harbor Freight. The lease commenced on December 31, 2024, and expires December 31, 2034, offering a remaining term of 10.1 years. The property features upgraded Hardie siding with brick architectural features, and is situated on a 1-3 acre lot. The asking price is $3,419,000, representing a price per square foot of $305.27 and a 5.85% cap rate. The property enjoys a 100% occupancy rate, with a projected Net Operating Income (NOI) of $200,012. The lease includes 6/5-year options with 8% rent bumps. This Class A property benefits from a strong retail corridor, high traffic counts (over 42,000 cars per day on Cobb Parkway), and excellent demographics, including an average household income exceeding $110,000 within a 1-mile radius and over 174,000 residents within a 5-mile radius. Its strategic location near Interstate 75 and Dobbins Air Force Base further enhances its appeal. The property is offered fee simple and is suitable for a 1031 exchange. This is a rare opportunity to acquire a high-quality, net-leased retail investment with strong tenant occupancy and significant upside potential.

Highlights

  • $3,419,000 asking price for a 11,200 SF Class A retail property in Kennesaw, GA.
  • New 2024 construction with Hardie siding and brick architectural features.
  • 10-year net lease with Sherwin-Williams (S&P BBB rated), plus 6/5-year options with 8% rent bumps.
  • 100% occupancy, commencing January 1, 2025; $200,012 annual NOI; 5.85% cap rate.
  • Strategically located on a major thoroughfare with high traffic counts (42,000+ cars daily) and strong demographics (average household income exceeding $110k within 1 mile, 174,000+ residents within 5 miles).
  • Suitable for 1031 exchange.

Property Details for 2573 Summers St

Property type
Lifestyle centers, Power centers
Square Feet
11,200 SF
Class
A
Year Built
2024
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Kennesaw
County
Cobb
State
Georgia
Latitude
34.016552842519
Longitude
-84.614314719272
2573 Summers St, Kennesaw, Georgia

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2573 Summers St
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