453 Main St Cartersville, GA 30121-3349
- Commercial real estate
- 70,987 SF
- 7.45 lot acres
Nov 19, 2024
Current Use by Public Records
- Commercial real estate
Property Details for 453 Main St
- Year built
- 2014
- Construction
- FRAME
- Lot size
- 7.45 lot acres
- Property size
- 70,987 SF
- Zone code
- C3
- Property type
- Commercial real estate
- APN
- C006-0002-013
- APU
- C0060002013
Description
This exceptional investment opportunity presents a ±71,695 square foot, single-tenant net-leased retail property occupied by Academy Sports + Outdoors. Located at 453 E Main St, Cartersville, GA 30121, this property boasts a strong 7.75% cap rate and a substantial net operating income (NOI) of $734,874. The lease, originally commencing April 14, 2014, has been extended, providing a remaining term of approximately 7.4 years, expiring April 30, 2032. Three, five-year renewal options are included, each with a $0.50 per square foot rent increase. Built in 2014, the property sits on a 7.45-acre lot and includes 363 parking spaces. Its prime location along East Main Street (19,000 vehicles per day) and proximity to US-41 (33,000 VPD) and Interstate 75 (99,600 VPD) ensures excellent visibility and accessibility. The property is co-anchored within the Cartersville Crossing Shopping Center, alongside other prominent national and local retailers, including Bealls, Party City, and Dollar Tree. This strong tenant mix and the affluent demographics of the area, with an average household income of $105,067 within a 3-mile radius and nearly 1,700 households within a mile, contribute to a substantial built-in customer base. The asking price is $9,500,000, translating to a price per square foot of $132.51. This is a rare opportunity to acquire a high-performing, net-leased retail asset with significant long-term growth potential.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $8,910,000
- ML approach
- $8,910,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $6,761,000
Market price range: $2.48M - $13.1M
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cartersville
- County
- Bartow
- State
- Georgia
- Longitude
- -84.7853
- Latitude
- 34.1665
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA