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Chase Bank: Cumming, GA 601 Atlanta Rd 3,782 SF Retail Building Cumming, GA 30040 $6,054,224 CAD ($1,600.80 CAD/SF) 4.65% Cap Rate
INVESTMENT HIGHLIGHTS
- NNN Ground Lease | Long-term operating history
- Chase is within a mile from several prominent shopping centers
- Located approximately 33 miles north of downtown Atlanta
- Affluent Demographics
EXECUTIVE SUMMARY
CBRE is pleased to exclusively offer for sale the 3,782 square-foot Chase Bank situated on 0.93 acres in Cumming, GA - a component of the broader Atlanta MSA (population: 6.4M). Chase Bank’s NNN ground lease features ±14.7 years of term remaining with a 10% rent increase every 5 years throughout the term and in each of the four, 5-year renewal options.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Bank
Building Size
3,782 SF
Building Class
B
Year Built
1999
Price
$6,054,224 CAD
Price Per SF
$1,600.80 CAD
Cap Rate
4.65%
NOI
$281,521 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.09
Lot Size
0.93 AC
Zoning
HB
Parking
31 Spaces (8.2 Spaces per 1,000 SF Leased)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | C19-026 | Improvements Assessment | $268,464 CAD |
| Land Assessment | $326,297 CAD | Total Assessment | $594,761 CAD |
PROPERTY TAXES
Parcel Number
C19-026
Land Assessment
$326,297 CAD
Improvements Assessment
$268,464 CAD
Total Assessment
$594,761 CAD
CONTACTS
-
Christopher Bosworth -
Brian Pfohl -
Thomas Carr -
Leah Lindell -
Abby Kelly -
Kaitlyn Wolf -
Katie Goldberg -
CBRE, Inc.
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Chase Bank: Cumming, GA | 601 Atlanta Rd
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