Goodyear | Early Lease Extension | 10-Yr 5949 Bethelview Rd 6,870 SF Retail Building Cumming, GA 30040 $3,575,000 ($520.38/SF) 6.25% 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)
  • 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
Auto Repair
Building Size
6,870 SF
Building Class
B
Year Built
2009
Price
$3,575,000
Price Per SF
$520.38
Cap Rate
6.25%
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

Burn Boot Camp
Ingles
Jim ’N Nick’s Bar-B-Q
Waffle House
Fit Body Boot Camp
Starbucks
Capital City Bank
Regions Bank
Kroger
Club Pilates

PROPERTY TAXES

  • Listing ID: 32985833

  • Date on Market: 8/28/2024

  • Last Updated:

  • Address: 5949 Bethelview Rd, Cumming, GA 30040