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Investment Highlights

  • Bank of America (NYSE: bac): investment-grade global financial institution with $3.4+ trillion in total assets
  • Brand New, 15-year Ground Lease with 10% rental increases
  • Hard corner parcel with frontage at 4-way intersection / Cobb parkway (39,800 VPD)
  • Corporate Guaranty, Absolute NNN lease: ultimate ease of management for investor
  • Whole Foods Anchored Trade Area: Between Kennesaw markets (3.2m visits / ranked #2 in GA) and Barrett Crossing Shopping Centers (1.8m annual visitors)
  • Large Daytime Population with brand new residential developments: 178,200+ residents + 102,000 employees within 5-miles ($137,023 Average HHI)

Executive Summary

Faris Lee Investments is pleased to present the opportunity to acquire a brand-new, freestanding Bank of America property in the affluent Atlanta suburb of Kennesaw, Georgia. The offering is secured by a 15-year Corporate Absolute NNN lease featuring 10% rental increases every five years, providing investors with a passive, inflation-hedged income stream, zero landlord responsibilities, and increasing cash flow throughout the lease term. Built to Bank of America’s latest corporate prototype, the 3,435-square-foot, drive-thru financial center is situated on a premier hard-corner parcel along Cobb Parkway (39,800+ VPD), offering significant intrinsic real estate value. Strategically positioned within one of Metro Atlanta’s premier retail corridors, the property is surrounded by more than 7 million square feet of retail and located between Kennesaw Marketplace (3.2M visits per Placer.ai) and Barrett Crossing, two of the region’s highest-performing shopping destinations. The site also benefits from exceptional regional accessibility, less than 1.5 miles from Interstate 75 (233,900+ VPD), proximity to Kennesaw State University (51,000+ students), and will service more than 352,000 residents within a seven-mile radius. Backed by Bank of America, one of the world’s largest investment-grade financial institutions with over $3.4 trillion in assets, this offering represents an exceptional opportunity for passive or 1031 exchange investors seeking long-term, corporate-guaranteed income in one of the Southeast’s strongest investment markets.

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,542 SF
Building Class
C
Year Built
1991
Price
$7,648,992 CAD
Price Per SF
$2,159.51 CAD
Cap Rate
5%
NOI
$382,450 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.86 AC
Zoning
O&I/WS - Retail
Parking
49 Spaces (13.83 Spaces per 1,000 SF Leased)
Frontage
406’ on Cobb Pky

Amenities

  • Banking
  • Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100

Nearby Major Retailers

Starbucks
Whole Foods Market
Truist
Navy Federal Credit Union
PNC Bank
Freddy's Frozen Custard & Steakburgers
Newk's Eatery
IHOP
LongHorn Steakhouse
LA Fitness

Property Taxes

Property Taxes

Parcel Number
20-0207-0-023-0
Land Assessment
$376,055 CAD
Improvements Assessment
$252,986 CAD
Total Assessment
$629,041 CAD
  • Listing ID: 41240285

  • Date on Market: 2026-07-10

  • Last Updated:

  • Address: 1905 NW Vaughn Rd, Kennesaw, GA 30144

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