2573 Summers St Kennesaw, GA 30144

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.

Location Insight

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

Property Tax & Assessments