438 Cabiness Road
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438 Cabiness Road
13,500 SF 100% Leased Retail Building Forsyth, GA 31029 $2,675,000 ($198/SF) 7% Cap Rate
Investment Highlights
- Shopping center is located near I-75 in Forsyth GA and anchored by many strong tenants.
- Growing Forsyth Market.
Executive Summary
This 13,500 square foot shopping center is located near I-75 in Forsyth GA and anchored by many strong tenants. This property is a great investment opportunity to get into the growing Forsyth Market.
Financial Summary (Pro forma - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro forma - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
13,500 SF
Building Class
C
Year Built
2021
Price
$2,675,000
Price Per SF
$198
Cap Rate
7%
NOI
$187,142
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.48
Land Acres
0.64 AC
Zoning
003
Parking
34 Spaces (2.52 Spaces per 1,000 SF Leased)
Frontage
88 FT on Cabiness Road
MAJOR TENANTS Click Here to Access
- Tenant
- Industry
- SF OCCUPIED
- RENT/SF
- Lease End
- C Nails LLC
- Retailer
-
99,999 SF
-
$9.99
- -
- Salon8LTD Co
- Retailer
-
99,999 SF
-
$9.99
- -
- Shanes Rib Shack
- Retailer
-
99,999 SF
-
$9.99
- -
- U Save It Pharmacy
- Retailer
-
99,999 SF
-
$9.99
- -
- World Finance Company
- Finance and Insurance
-
99,999 SF
-
$9.99
- -
- Xotic City
- Retailer
-
99,999 SF
-
$9.99
- -
| Tenant | Industry | SF OCCUPIED | RENT/SF | Lease End | ||
| C Nails LLC | Retailer | 99,999 SF | $9.99 | - | ||
| Salon8LTD Co | Retailer | 99,999 SF | $9.99 | - | ||
| Shanes Rib Shack | Retailer | 99,999 SF | $9.99 | - | ||
| U Save It Pharmacy | Retailer | 99,999 SF | $9.99 | - | ||
| World Finance Company | Finance and Insurance | 99,999 SF | $9.99 | - | ||
| Xotic City | Retailer | 99,999 SF | $9.99 | - |
PROPERTY TAXES
| Parcel Number | F33-010 | Total Assessment | $224,360 (2023) |
| Land Assessment | $100,000 (2023) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $124,360 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
F33-010
Land Assessment
$100,000 (2023)
Improvements Assessment
$124,360 (2023)
Total Assessment
$224,360 (2023)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
-
Robert Franks -
Logan Franks -
Franks & White LLC
1 of 38
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438 Cabiness Road
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