For Sale
$3,724,000

5949 Bethelview RdCumming, GA 30040

High-growth area, strong tenant. 10-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents a 6,870 square foot, single-tenant net-leased auto service center in Cumming, Georgia. The property, built in 2010, sits on a 0.76-acre lot and boasts 19 parking spaces. Currently 100% occupied by Goodyear Auto Service, a Fortune 500 company with a B+ credit rating, the lease extends until July 31, 2034, with a substantial remaining term of 9.7 years. The lease includes rent bumps of 5.26% on August 1, 2029, and 10% in lease options, providing significant future income growth. The property generates a strong net operating income (NOI) of $223,440, resulting in a 6.00% cap rate. This prime location enjoys excellent visibility on Bethelview Road (nearly 18,000 vehicles per day) and is within walking distance of The Collection at Forsyth, a major 57-acre mixed-use development. The surrounding area is experiencing robust population growth and boasts a high average household income exceeding $174,800 within a 3-mile radius. Numerous other prominent retailers and major employers are located nearby, further enhancing the property's value and long-term prospects. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market with significant upside potential. The asking price is $3,724,000.

Highlights

  • Corporately guaranteed, limited-responsibility net lease.
  • Ten-year lease term following recent early extension.
  • High visibility on Bethelview Road (nearly 18,000 vehicles per day).
  • Walking distance to The Collection at Forsyth, a 560,000 SF mixed-use center, and a proposed 57,000 SF mixed-use development.
  • Strong surrounding retail presence including Kroger, Publix, and other national brands.
  • Proximity to major retail corridors with Walmart, Home Depot, Lowe's, Target, and other big-box stores.

Property Details for 5949 Bethelview Rd

Property type
Retail properties, Auto shops
Square Feet
6,870 SF
Year Built
2010
Buildings
1
Lot Size (sq. ft)
33,106 SF
Units
1

Location Insight

City
Cumming
County
Forsyth
State
Georgia
Latitude
34.1645122
Longitude
-84.1759106
5949 Bethelview Rd, Cumming, Georgia

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5949 Bethelview Rd
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