2573 Summers St Kennesaw, GA 30144
- Auto shops
- 11,209 SF
- 0.95 lot acres
Current Use by Public Records
- Auto Glass Response Team / Auto Glass Shop
Property Details for 2573 Summers St
- Year built
- 1974
- Lot size
- 0.95 lot acres
- Property size
- 11,209 SF
- Zone code
- LI
- Property type
- Auto shops
- APN
- 20016700410
- APU
- 20016700410
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $1,100,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $1,035,000
- 6.5%
- $965,000
- 7%
- $1,095,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,215,000
- Geo Method
- $1,260,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,080,000
- Retail
- $960,000
- Mixed-Use
- $1,205,000
- Hospitality
- $1,050,000
- Educational
- $1,175,000
- Residential Income
- $1,195,000
- Energy
- $940,000
- Income-Based Land
- $1,045,000
- Food Service
- $1,090,000
Location Insight
- Map
- Local Demand
- City
- Kennesaw
- County
- Cobb
- State
- Georgia
- Longitude
- -84.6146
- Latitude
- 34.0169
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
