525 Peachtree Pkwy Cumming, GA 30041-6821
- Auto shops
- 4,216 SF
- 0.79 lot acres
Current Use by Public Records
- Express Oil Change & Tire Engineers / Auto Repair Shop / Brake Shop
Property Details for 525 Peachtree Pkwy
- Year built
- 2011
- Lot size
- 0.79 lot acres
- Property size
- 4,216 SF
- Zone code
- CBD
- Property type
- Auto shops
- APN
- 107 052
- APU
- 107052
Description
This exceptional investment opportunity presents a 4,157 square foot Express Oil Change & Tire Engineers located at 525 Peachtree Pkwy, Cumming, GA 30041. The property, built in 2011 and situated on a 0.79-acre lot, is currently operating under a 20-year absolute NNN lease commencing December 10, 2023, and expiring December 9, 2043. The lease includes four 5-year renewal options and features a 10% rent increase every five years, ensuring consistent income growth. The current annual net operating income (NOI) is $200,000, resulting in a 5.65% capitalization rate. The property benefits from a corporate guarantee by Mavis Express Services TopCo Corp., a highly reputable company with a significant portfolio. This location enjoys excellent visibility and accessibility, proximate to the Collection at Forsyth, a major mixed-use development with over 80 retailers and significant traffic volume. Cumming's robust population growth, exceeding 50.4% since 2010, further strengthens the investment potential. The property's strategic location near Lake Lanier, a popular tourist destination, adds to its appeal. This is a fee-simple ownership opportunity with a strong tenant and a long-term lease, making it an ideal addition to any investment portfolio. The asking price is $3,540,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cumming
- County
- Forsyth
- State
- Georgia
- Longitude
- -84.1727
- Latitude
- 34.1495
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
