2385 Peachtree Pkwy Cumming, GA 30041-7227

Property Details for 2385 Peachtree Pkwy

Year built

2017

Lot size

1.01 lot acres

Property size

4,926 SF

Zone code

CBD

Property type

Auto shops

APN

112 013

APU

112013

Description

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.

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Longitude

-84.1764

Latitude

34.1011

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments