3719 Kemp Ridge RdAcworth, GA 30101

Property Details for 3719 Kemp Ridge Rd

Lot size

0.70 AC

Property size (Sq ft)

6,740 SF

Zone code

C2

Property type

Other commercial real estate

APN

20008100150

APU

20008100150

Description

This fee-simple retail investment opportunity presents a 6,690 square foot Mavis Discount Tire located at 3719 Kemp Ridge Rd, Acworth, GA 30101. The property, built in 2007, sits on a 1.93-acre lot and features a single-story building with 100% occupancy. The current lease, a double-net (NN) structure with a corporate guarantee, has a remaining term of approximately 3.9 years, expiring September 30, 2028, with a significant rent bump of 7% in October 2027. Lease options include one 4-year option and three 5-year options. The asking price is $3,250,343, representing a price per square foot of $485.85 and a 7.00% cap rate, based on a net operating income (NOI) of $227,524. The property benefits from a strong location within a densely populated area, boasting over 120,000 full-time residents within a 5-mile radius, a 12.5% population increase since 2010, and an average household income exceeding $110,000. The immediate area also includes significant retail presence, with over 979,000 square feet of retail space within 1 mile. This investment offers minimal landlord responsibilities and benefits from the strength of Mavis Discount Tire, a nationally recognized brand.

Location Insight

City

Acworth

County

Cobb

State

Georgia

Latitude

34.0447

Longitude

-84.695

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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