For Sale
$3,250,343

3719 Kemp Ridge RdAcworth, GA 30101

High-yield auto shop, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This fee-simple retail investment opportunity presents a 6,690 square foot Mavis Discount Tire located at 3719 Kemp Ridge Rd, Acworth, GA 30101. The property, built in 2007, sits on a 1.93-acre lot and features a single-story building with 100% occupancy. The current lease, a double-net (NN) structure with a corporate guarantee, has a remaining term of approximately 3.9 years, expiring September 30, 2028, with a significant rent bump of 7% in October 2027. Lease options include one 4-year option and three 5-year options. The asking price is $3,250,343, representing a price per square foot of $485.85 and a 7.00% cap rate, based on a net operating income (NOI) of $227,524. The property benefits from a strong location within a densely populated area, boasting over 120,000 full-time residents within a 5-mile radius, a 12.5% population increase since 2010, and an average household income exceeding $110,000. The immediate area also includes significant retail presence, with over 979,000 square feet of retail space within 1 mile. This investment offers minimal landlord responsibilities and benefits from the strength of Mavis Discount Tire, a nationally recognized brand.

Highlights

  • Mavis Tire retail investment opportunity in Acworth, GA, 26 miles northeast of Atlanta.
  • Double-net (NN) lease with minimal landlord responsibilities.
  • Corporately guaranteed lease by Mavis Tire, the #1 tire dealer in the U.S.
  • Strong demographics: 120,000+ residents within a 5-mile radius.
  • Robust population growth: 12.5% increase within a 5-mile radius since 2010.
  • High average household income: over $110,000 within a 5-mile radius.

Property Details for 3719 Kemp Ridge Rd

Property type
Retail properties, Auto shops
Square Feet
6,690 SF
Year Built
2007
Buildings
1
Stories
1
Lot Size (sq. ft)
84,071 SF
Units
1

Location Insight

City
Acworth
County
Cobb
State
Georgia
Latitude
34.0451553
Longitude
-84.6953446
3719 Kemp Ridge Rd, Acworth, Georgia

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3719 Kemp Ridge Rd
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