5949 Bethelview RdCumming, GA 30040

  • Retail properties
  • 6,772 SF
For Sale
$3,724,000 View listing

Property Details for 5949 Bethelview Rd

Year built
2009
Lot size
0.77 AC
Property size (Sq ft)
6,772 SF
Zone code
CBD
Property type
Retail properties
Property subtype
Gas stations
APN
106 632
APU
106632

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $1,747,027
    6.5%
    $1,612,640
    7%
    $1,497,451
  • Comparable approach

    Method
    Valuation
    Relative Method
    $3,328,785
    Geo Method
    $3,328,785
  • Alternative Use

    Use
    Valuation
    Residential
    $1,360,322
    Hospitality
    $1,246,048
    Educational
    $1,036,697
    Medical
    $1,072,351
    Retail
    $1,612,640
5949 Bethelview Rd, Cumming, Georgia

Location Insight

City
Cumming
County
Forsyth
State
Georgia
Latitude
34.1645
Longitude
-84.176
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$6,628
$134,752
$135,544
$270,296
-
$336,880
$338,860
$675,740

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