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Goodyear | Early 10-Yr Ext | Top 9% GA Store 5949 Bethelview Rd 6,870 SF Retail Building Cumming, GA 30040 $3,491,000 ($508.15/SF) 6.40% Cap Rate
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed | Early Lease Extension | Options To Extend |Well Known & Established Brand
- Dense Retail Corridor | Accessible Via U.S. Hwy 19 (77,400 VPD)
- Store ranks in the top 9% in Georgia and top 17% Nationwide, according to Placer
- NN | Fee Simple Ownership | Limited Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area | Atlanta MSA
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NN, corporate guaranteed, Goodyear investment property located in Cumming, Georgia (Atlanta MSA). Goodyear recently exercised an early lease extension, bringing the remaining base term to 9 years, demonstrating their commitment to the site. The lease features 2 (5-year) options to extend, a 5.26% rental increase in August 2029, and 10% increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is NN with limited landlord responsibilities making it an ideal, low-management investment opportunity for a passive investor. Goodyear is one of the most prominent auto-repair retailers in the world with 1,200+ locations across 22 countries. The brand is a fortune 500 company (#204 on the 2024 list) with $20 billion+ in annual sales and a current Market CAP of $2.4 billion (as of February 2025).
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,870 SF
Building Class
B
Year Built
2009
Price
$3,491,000
Price Per SF
$508.15
Cap Rate
6.40%
NOI
$223,440
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Lot Size
0.76 AC
Zoning
CBD - Commercial Business District
Parking
19 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
177’ on Bethelview Rd
AMENITIES
- Dedicated Turn Lane
- Freeway Visibility
- Pylon Sign
- Signage
MAJOR TENANTS Click Here to Access
- TENANT
- INDUSTRY
- SF OCCUPIED
- RENT/SF
- LEASE TYPE
- LEASE END
-
- Retailer
-
99,999 SF
-
$9.99
-
Lorem Ipsum
-
Jan 0000
Goodyear is dedicated to producing, innovating, and servicing the best tires in the world. Their mission began well over a century ago in Akron Ohio, and after more than a century, Goodyear has evolved to become one of the world’s largest tire companies. A global leader in creating the future of mobility, Goodyear is constantly developing new and innovative products designed to harness the power of forward movement.
| TENANT | INDUSTRY | SF OCCUPIED | RENT/SF | LEASE TYPE | LEASE END | |
|
|
Retailer | 99,999 SF | $9.99 | Lorem Ipsum | Jan 0000 |
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 106-632 | Improvements Assessment | $131,280 |
| Land Assessment | $192,500 | Total Assessment | $323,780 |
PROPERTY TAXES
Parcel Number
106-632
Land Assessment
$192,500
Improvements Assessment
$131,280
Total Assessment
$323,780
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Goodyear | Early 10-Yr Ext | Top 9% GA Store | 5949 Bethelview Rd
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