Cumming, GA - Goodyear

Description:

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).

The subject property has excellent visibility and access along Bethelview Road (17,900 VPD), with nearby on/off ramp access from U.S. Highway 19 (77,400 VPD),
a heavily trafficked highway connecting the site to downtown Atlanta. The site receives significant consumer traffic from its position with close proximity to The Collection at Forsyth, a 560K square foot mixed-use center anchored by AMC and Academy Sports + Outdoors, a Kroger anchored center, and national retailers including Publix, McDonald’s, Starbucks, and Taco Bell, promoting crossover retail exposure throughout the area. The surrounding retail corridor is supported by a dense, affluent, North Atlanta consumer base consisting of more than 149,200 residents and 60,900 employees with an average household income of $178,239 within 5-miles. The area has experienced substantial population growth in recent years, including 8.6% growth since 2020 within 3-miles of the site, leading to further commercial and residential development, such as The Gathering at South Forsyth development. The 3 million+ square foot, mixed-use lifestyle center includes thousands of planned residential units and an estimated $2.6 billion to be allocated across 84-acres, making it one of the largest development proposals in suburban Atlanta history.