8022 Cumming Hwy
Canton, GA 30115
Retail Property For Sale

The Net Lease Group is pleased to exclusively offer for sale the fee simple interest in the property located at 8022 Cumming Hwy. in Canton, GA. The offering consists of a freestanding, +/-3,925 square foot medical office building that is 100% leased to Heartland Dental, LLC and an ATM pad that is ground leased to Wells Fargo Bank, N.A. The building, constructed in 2004, is currently undergoing a complete renovation for Heartland Dental. The strong credit quality of the tenants and the long term net leases attached to the property provide an investor with stable and predictable cash flow. Wells Fargo commenced rent payment on December 19, 2018, and Heartland Dental will commence rent payment on July 18, 2019. The subject property is situated on a 0.94 acre signalized corner outparcel to Woodmont Village, a Kroger anchored shopping center. Woodmont Village is a vibrant shopping center that caters to residents, employees, and visitors to the local area. Tenants in the shopping center include Kroger, Ace Hardware, Advance Auto Parts, McDonalds, Waffle House, Pizza Hut, A Veterinary Care Center, and many more. Canton, Georgia is a growing suburb located on the north side of Atlanta. Canton is the seat of Cherokee County and it continues to experience strong commercial/residential growth and development. In fact, Canton’s population increased almost seven percent (7%) during 2018. Predictably, the Canton commercial real estate submarket is healthy and has experienced retail rent growth over the past five years. In the near term, retail rent is projected to increase by 3.35% in Q3/Q4 2019 and vacancy rates are expected to remain at low levels (3%) despite the continued delivery of new retail space (approximately 154,000 SF of retail space is currently under construction). Additionally, average cap rates remain at historic lows and sales volumes continue to remain consistent at their ten year record highs.