Property profile

2385 Peachtree Pkwy Cumming, GA 30041

OFF-MARKET
Auto shops
Property ID
US22-1049638
4,926 SF 1.01 ac lot Built 2017
Entity Owned 12-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional investment opportunity presents a 4,728 square foot Express Oil Change & Tire Engineers located at 2385 Peachtree Pkwy, Cumming, GA 30041. The property, built in 2007 and situated on 1.01 acres, benefits from a new 20-year absolute triple-net (NNN) lease commencing December 10, 2023, and expiring December 9, 2043. The lease includes four 5-year renewal options and attractive 10% rent increases every five years, ensuring consistent income growth. The tenant, Express Oil Change & Tire Engineers, is backed by a corporate guarantee from Mavis Express Services TopCo Corp., a highly reputable company with over 1,100 locations. This prime location boasts exceptional visibility on Peachtree Pkwy (26,000+ vehicles per day) with convenient ingress and egress. The property is an outparcel to a Walmart Supercenter and adjacent to a Target and Home Depot, drawing a combined 2.9 million annual visits. Cumming, GA, is an affluent suburb of Atlanta with a strong average household income of $194,193 within a 3-mile radius and projected 13.5% population growth by 2027. The property generates a Net Operating Income (NOI) of $200,000, resulting in a 5.65% cap rate. This is a fee-simple ownership opportunity with a 100% occupancy rate. The asking price is $3,540,000.

Property profile

Verified
Property type Auto shops
Use group AUTO REPAIR, GARAGE
Year built 2017
Total area 4,926 SF
Lot 1.01 ac (43,996 SF)
Zoning code CBD
APN 112 013
UPID US22-1049638

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Auto Repair Shop

Location

2385 Peachtree Pkwy Cumming, GA 30041-7227
Cumming metro Census 130614 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.96M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.83M
Blend (final) Blend
$3.02M

Owner & transaction history

since 2014
Last sale
$3.0M
5 recorded transactions
2014
$277,750
2007
$815,700
2007
$815,625
2007
$543,400
2007
$543,375

Zoning & alternative use

CBD · Cumming, GA
Zoning description

District is intended to maintain and encourage office and business development in the central business area of the city

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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