5949 Bethelview RdCumming, GA 30040

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

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,345,600

  6.5%

  $1,242,090

  7%

  $1,153,370

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,373,780

  Geo Method

  $1,373,780

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $2,406,400

  Mixed-Use / Specialty

  $1,244,050

  Hospitality / Lodging

  $921,029

  Office

  $1,243,310

  Institutional / Educational

  $1,295,590

  Residential Income

  $1,515,840

  Multifamily

  $1,782,630

  Automotive / Energy

  $1,110,500

  Parking / Income-Based Land

  $376,915

  Restaurant / Food Service

  $660,662

  Healthcare / Senior Housing

  $1,269,200

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

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