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    FOR LEASE
    Community centers

    655 Atlanta Hwy, Cumming, GA 30040

    111,194 SF 13.53 ac lot Built 1989
    Entity Owned 13-yr Hold ~ Est. High Equity
    Property ID
    US22-1460530
    655 Atlanta Hwy, Cumming, GA 30040 For Lease
    $13,860,000
    655 Atlanta Hwy, Cumming, GA 30040
    View Listing →
    Property summary
    AI-generated overview

    Lanier Crossing Shopping Center offers exceptional retail opportunities in Forsyth County, Georgia. This multi-tenant property boasts a total of 110,002 square feet and currently has two available spaces, ranging from 1,540 to 4,184 square feet, perfect for a variety of businesses. The center enjoys a prime location near Northside Hospital-Forsyth, a significant medical facility with 78 beds, 300 physicians, and 800 employees, providing a substantial built-in customer base. Its strategic positioning also benefits from high traffic counts, with 29,600 vehicles daily passing on Buford Highway. The property offers convenient access via Atlanta Highway and multiple access points on Veterans Memorial Boulevard, ensuring high visibility and easy accessibility for customers. This established shopping center presents a unique chance to establish or expand your business in a thriving community with strong demographics and excellent infrastructure. The available spaces are adaptable and suitable for a range of retail uses, including barber shops, insurance agencies, health services, and other similar businesses. This is an exceptional opportunity to secure a prominent retail presence in a high-traffic area with a strong anchor tenant. Contact us today to learn more about these available spaces and secure your place in this successful shopping center.

    Property profile
    Verified
    Property type Community centers
    Use group MINI-MALL
    Year built 1989
    Total area 111,194 SF
    Lot 13.53 ac (589,367 SF)
    Zoning code NS
    APN C19 003
    UPID US22-1460530
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Moto Asian Cuisine Restaurant
    • Bragg Dental Dental Office
    • Cricket Wireless Authorized Retailer Mobile Phone Store Electronics & Wireless Store
    • Sleep Forsyth Dental Sleep Medicine Medical Clinic
    • BEAUTIX BEAUTY SUPPLY (Bike/Boat/Book/etc) Store Cosmetic Store
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $13.86M
    Owner & transaction history
    96-07 37th Ave LLC · 13 yrs held
    96-07 37th Ave LLC
    since 2013
    5 recorded transactions
    2013
    $105,750
    2013
    2000
    $7.7M
    1969
    1969
    Zoning & alternative use
    NS · Cumming, GA
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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