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    Property profile & analytics
    OFF-MARKET Estimated value $3,010,000
    Auto shops

    2385 Peachtree Pkwy, Cumming, GA 30041-7227

    4,926 SF 1.01 ac lot Built 2017
    Entity Owned 11-yr Hold Absentee Owner Free & Clear
    Property ID
    US22-1049638
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Express Oil Change & Tire Engineers Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.96M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.83M
    Blend (final) Blend
    $3.01M
    Owner & transaction history
    Land Holding · 11 yrs held
    Land Holding
    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
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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