525 Peachtree PkwyCumming, GA 30041

Property Details for 525 Peachtree Pkwy

Year built

2011

Lot size

0.79 AC

Property size (Sq ft)

4,216 SF

Zone code

CBD

Property type

Auto shops

APN

107 052

APU

107052

Description

This exceptional investment opportunity presents a 4,157 square foot Express Oil Change & Tire Engineers located at 525 Peachtree Pkwy, Cumming, GA 30041. The property, built in 2011 and situated on a 0.79-acre lot, is currently operating under a 20-year absolute NNN lease commencing December 10, 2023, and expiring December 9, 2043. The lease includes four 5-year renewal options and features a 10% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $200,000, resulting in a 5.65% capitalization rate. The property benefits from a corporate guarantee by Mavis Express Services TopCo Corp., a highly reputable company with a significant portfolio. This location enjoys excellent visibility and accessibility, proximate to the Collection at Forsyth, a major mixed-use development with over 80 retailers and significant traffic volume. Cumming's robust population growth, exceeding 50.4% since 2010, further strengthens the investment potential. The property's strategic location near Lake Lanier, a popular tourist destination, adds to its appeal. This is a fee-simple ownership opportunity with a strong tenant and a long-term lease, making it an ideal addition to any investment portfolio. The asking price is $3,540,000.

• CAP approach

  CAP return

  Valuation

  6%

  $837,721

  6.5%

  $773,281

  7%

  $718,047

• Comparable approach

  Method

  Valuation

  Relative Method

  $855,268

  Geo Method

  $855,268

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,498,140

  Mixed-Use / Specialty

  $774,498

  Hospitality / Lodging

  $573,399

  Office

  $774,036

  Institutional / Educational

  $806,586

  Residential Income

  $943,706

  Multifamily

  $1,109,800

  Automotive / Energy

  $691,360

  Parking / Income-Based Land

  $234,654

  Restaurant / Food Service

  $411,304

  Healthcare / Senior Housing

  $790,158

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Latitude

34.1495

Longitude

-84.1727

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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