850 Peachtree PkwyCumming, GA 30041

Property Details for 850 Peachtree Pkwy

Year built

2023

Lot size

1.25 AC

Zone code

CBD

Property type

Retail properties

Property subtype

Community centers

APN

108 160

APU

108160

Description

This exceptional retail opportunity is located at 850 Peachtree Parkway in Cumming, Georgia, within the highly desirable N Fulton/Johns Creek/Forsyth County retail submarket. The property, zoned CBD, boasts a total building size of 9,654 square feet and sits on a 1.246-acre lot. Currently, there is 6,492 square feet of vacant space available, divisible into units ranging from a minimum of 1,376 square feet to a maximum contiguous space of 3,246 square feet. The property is ideally suited for multiple tenants and offers a unique chance for businesses to establish themselves in a thriving community. The building is anchored by a national swim school, Aqua-tots Swim Schools, providing a strong draw for families and foot traffic. This presents a significant advantage for potential tenants seeking high visibility and a built-in customer base. The remaining vacant space, Suite 100, is an end cap unit of approximately 1,870 square feet. This space is available for tenant build-outs, allowing for complete customization to meet specific business needs. The estimated net operating expenses are $42+ per square foot, with a common area maintenance charge estimated at $7.50 per square foot. This prime location in Forsyth County, Georgia, offers excellent access to major transportation routes and a strong local economy, making it an ideal investment for discerning businesses. The property's strategic location and the presence of a successful anchor tenant make this an exceptional opportunity for growth and success.

• CAP approach

  CAP return

  Valuation

  6%

  $14,046,899

  6.5%

  $12,966,368

  7%

  $12,040,199

• Comparable approach

  Method

  Valuation

  Relative Method

  $26,764,962

  Geo Method

  $26,764,962

• Alternative Use

  Use

  Valuation

  Residential

  $10,937,617

  Hospitality

  $10,018,798

  Educational

  $8,335,522

  Medical

  $8,622,194

  Retail

  $12,966,368

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Latitude

34.1412

Longitude

-84.1735

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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