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601 Atlanta Rd
Cumming, GA 30040
Chase Bank: Cumming, GA · Retail Property For Sale
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 ±15.0 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/Renovated
1999/2020
Price
$4,376,400
Price Per SF
$1,157.17
Cap Rate
4.65%
NOI
$203,503
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)
PROPERTY TAXES
| Parcel Number | C19-026 | Improvements Assessment | $193,348 |
| Land Assessment | $235,000 | Total Assessment | $428,348 |
PROPERTY TAXES
Parcel Number
C19-026
Land Assessment
$235,000
Improvements Assessment
$193,348
Total Assessment
$428,348
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