Stabilized 2-Tenant Investment | 12,862 SF | 1462 US 41 N 11,400 SF 100% Leased Industrial Building Calhoun, GA 30701 $925,000 ($81.14/SF) 8% Cap Rate

Rare opportunity to acquire a fully stabilized, two-tenant commercial investment property at the US Highway 41 / Interstate 75 interchange in Calhoun, Georgia — one of Northwest Georgia's highest-traffic commercial corridors.
The property consists of two operating buildings totaling 12,862 square feet on 0.81 acres of C3-zoned commercial land. Both tenants are in place, paying rent, and under executed lease agreements.
ANCHOR TENANT — 15-YEAR NNN LEASE:
The 1,462 SF retail building is occupied by Fun Store, LLC under a 15-year lease running through February 2038. The lease carries NNN-style obligations — tenant pays property taxes, all utilities, HVAC maintenance, and structural repairs. An escalating rent schedule compounds at approximately 3% annually, growing income through Year 15. A personal guaranty backs the full obligation for the first 63 months, with a rolling 24-month guaranty through lease expiration. This is contracted income a buyer can take to the bank.
WAREHOUSE — VALUE-ADD UPSIDE:
The 11,400 SF metal warehouse features 16-foot clear height, grade-level drive-in door, reinforced concrete floor, and bearing wall construction. Currently occupied and income-producing. The lease structure creates meaningful upside through renewal at market NNN rates — or the opportunity to subdivide into smaller bays at a higher per-SF yield. Calhoun-area industrial demand for sub-20,000 SF spaces remains strong with vacancy under 5.4% in comparable NW Georgia submarkets.
CAPITAL IMPROVEMENTS COMPLETED:
Both roofs replaced. New HVAC installed within the last three years. Exterior painting completed on both buildings. New gutters. The heavy capital expenditure is behind you. This is a clean acquisition for a buyer focused on income, not renovation.
PRICED BELOW REPLACEMENT COST:
At $925,000 for 12,862 SF, this property is offered at $71.92 per square foot. New construction cost for equivalent metal warehouse and light commercial product in Georgia today runs $110–$160 per square foot all-in — including site work, permits, utilities, and carrying costs. That means a buyer acquires this asset at 35%–55% below replacement cost, on a site that already has I-75 interchange frontage, C3 zoning, two tenants generating income on day one, new roofs, and new HVAC. You cannot build this cheaper than you can buy it.
LOCATION:
Positioned at the I-75 / US-41 interchange with high daily traffic counts. Calhoun is the commercial hub of Gordon County and home to a strong manufacturing and industrial base. The 0.81-acre C3 site carries long-term land value independent of the income stream. Comparable C3 land on this corridor trades at $200,000–$400,000 per acre.
Priced at $925,000 — 8.0% going-in cap rate — $71.92/SF. Pro forma and full rent roll available upon NDA execution.