For Sale
  • For Sale
  • For Lease
  • Recently Sold
  • Property Lookup
  • Brokers

2573 Summers St Kennesaw, GA 30144

Sponsored
For Sale
$3,419,000

11,200 SF, 10-Year NNN Lease

Property size:
11,200 SF

Description

Added:
Dec 11, 2024
Days on Market:
391
This exceptional investment opportunity presents a brand-new, 11,200-square-foot retail building in Kennesaw, Georgia, constructed in 2024. The property boasts a 10-year net lease with a prominent tenant lineup including Dollar General, Sherwin-Williams, O'Reilly Auto Parts, and Harbor Freight. The lease commenced on December 31, 2024, and expires December 31, 2034, offering a remaining term of 10.1 years. The property features upgraded Hardie siding with brick architectural features, and is situated on a 1-3 acre lot. The asking price is $3,419,000, representing a price per square foot of $305.27 and a 5.85% cap rate. The property enjoys a 100% occupancy rate, with a projected Net Operating Income (NOI) of $200,012. The lease includes 6/5-year options with 8% rent bumps. This Class A property benefits from a strong retail corridor, high traffic counts (over 42,000 cars per day on Cobb Parkway), and excellent demographics, including an average household income exceeding $110,000 within a 1-mile radius and over 174,000 residents within a 5-mile radius. Its strategic location near Interstate 75 and Dobbins Air Force Base further enhances its appeal. The property is offered fee simple and is suitable for a 1031 exchange. This is a rare opportunity to acquire a high-quality, net-leased retail investment with strong tenant occupancy and significant upside potential.

Property Features for 2573 Summers St

General Information

Property type
Lifestyle centers
Square Feet
11,200 SF
Class
A
Lot Size
43,560 SF

Building Details

Year Built
2024

HighLights

  • $3,419,000 asking price for a 11,200 SF Class A retail property in Kennesaw, GA.
  • New 2024 construction with Hardie siding and brick architectural features.
  • 10‑year net lease with Sherwin‑Williams (S&P BBB rated), plus 6/5‑year options with 8% rent bumps.
  • 100% occupancy, commencing January 1, 2025; $200,012 annual NOI; 5.85% cap rate.
  • Strategically located on a major thoroughfare with high traffic counts (42,000+ cars daily) and strong demographics (average household income exceeding $110k within 1 mile, 174,000+ residents within 5 miles).
  • Suitable for 1031 exchange.
Property Profile Location Intelligence

Current Use by Public Records

Auto Glass Response ... Auto Glass Shop

Suggested Use

Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Hair Salon Auto Repair Shop Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Kennesaw
County
Cobb
State
Georgia
Longitude
-84.614314719272
Latitude
34.016552842519

FAQs

What type of property is this?
Lifestyle center - 11,200 SF, 10-Year NNN Lease
Where is this lifestyle center located?
The property is located at 2573 Summers St Kennesaw, GA.
What is the asking price?
The asking price for this property is $3,419,000.
What are key features of this property?
This property features: $3,419,000 asking price for a 11,200 SF Class A retail property in Kennesaw, GA.; New 2024 construction with Hardie siding and brick architectural features.; 10-year net lease with Sherwin-Williams (S&P BBB rated), plus 6/5-year options with 8% rent bumps.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message