5949 Bethelview Rd, Cumming, GA 30040-6625
- Gas stations
- 6,772 SF
- 0.77 lot acres
Current Use by Public Records
- Goodyear Auto Service / (Bike/Boat/Book/etc) Store / Auto Parts Store
Property Details for 5949 Bethelview Rd
- Year built
- 2009
- Lot size
- 0.77 lot acres
- Zone code
- CBD
- Property type
- Gas stations
- APN
- 106 632
- APU
- 106632
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| Jan 7, 2014 | $1,171,000 | Crimson Cumming Land LLC | Real Dev Bethelview LLC | Trustees Deed | — |
| Dec 31, 2012 | — | Cole Gy Cumming Ga LLC | — | Deed Of Trust · related | $34.3M · Tcf National Bank |
| Jun 5, 2012 | $2,915,000 | Cole Gy Cumming Ga LLC | Gdy Investments LLC | Grant Deed | — |
| Feb 15, 2010 | $2,575,438 | Gdy Investments LLC | Mcneel Properties Of Georg | Grant Deed | — |
| Sep 15, 2008 | $775,000 | Mcneel Properties Of Ga LLC | Real Dev Bethelview LLC | Deed Of Trust · related | $10M · National Bank South Carolina |
Description
This exceptional investment opportunity presents a 6,870 square foot, single-tenant net-leased auto service center in Cumming, Georgia. The property, built in 2010, sits on a 0.76-acre lot and boasts 19 parking spaces. Currently 100% occupied by Goodyear Auto Service, a Fortune 500 company with a B+ credit rating, the lease extends until July 31, 2034, with a substantial remaining term of 9.7 years. The lease includes rent bumps of 5.26% on August 1, 2029, and 10% in lease options, providing significant future income growth. The property generates a strong net operating income (NOI) of $223,440, resulting in a 6.00% cap rate. This prime location enjoys excellent visibility on Bethelview Road (nearly 18,000 vehicles per day) and is within walking distance of The Collection at Forsyth, a major 57-acre mixed-use development. The surrounding area is experiencing robust population growth and boasts a high average household income exceeding $174,800 within a 3-mile radius. Numerous other prominent retailers and major employers are located nearby, further enhancing the property's value and long-term prospects. This is a rare opportunity to acquire a stable, high-performing asset in a thriving market with significant upside potential. The asking price is $3,724,000.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Cumming
- County
- Forsyth
- State
- Georgia
- Longitude
- -84.176
- Latitude
- 34.1645
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
