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Bank of America Kennesaw, GA 1905 NW Vaughn Rd 3,542 SF Retail Building Kennesaw, GA 30144 $5,400,000 ($1,524.56/SF) 5% Cap Rate



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
$5,400,000
Price Per SF
$1,524.56
Cap Rate
5%
NOI
$270,000
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
Amenities
- Banking
- Signage
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
40/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 20-0207-0-023-0 | Improvements Assessment | $178,560 |
| Land Assessment | $265,424 | Total Assessment | $443,984 |
Property Taxes
Parcel Number
20-0207-0-023-0
Land Assessment
$265,424
Improvements Assessment
$178,560
Total Assessment
$443,984
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Bank of America Kennesaw, GA | 1905 NW Vaughn Rd
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