Goodyear | Early Lease Extension | 10-Yr | 5949 Bethelview Rd
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Goodyear | Early Lease Extension | 10-Yr 5949 Bethelview Rd
6,870 SF Retail Building Cumming, GA 30040 $3,724,000 ($542/SF) 6% Cap Rate
Investment Highlights
- Corporately guaranteed lease with limited Landlord responsibilities
- Site is walking distance to The Collection at Forsyth | A 57-acre, 560,000 SF lifestyle, mixed-use center
- Steady population growth | Population has grown 8.6% within a 3-mile radius since 2020 | Projected to grow 1.66% annually for the next 5 years
- Early lease extension | Tenant recently extended their lease early, bringing the remaining base term to 10 years
- Also walking distance to a proposed, 17-acre, 57,000 SF mixed-use development that is set to include a Chick-fil-A, gas station, four additional QSRs
- Goodyear is one of the largest and most prominent auto-repair retailers in the world with 1,200+ locations across 22 countries
Executive Summary
PROPERTY HIGHLIGHTS
• Corporately guaranteed lease with limited Landlord responsibilities
• Early lease extension | Tenant recently extended their lease early, bringing the remaining base term to 10 years
• Excellent access and visibility from Bethelview Road which sees nearly 18,000 VPD
• Site is walking distance to:
• The Collection at Forsyth | A 57-acre, 560,000 SF lifestyle, mixed-use center | Purchase by CTO Realty Growth, Inc. in Dec 2022 for $96MM | Anchored by AMC and Academy Sports + Outdoors
• A proposed, 17-acre, 57,000 SF mixed-use development that is set to include a Chick-fil-A, gas station, four additional drive-thru businesses, retail, and office buildings
• The newly developed Gatherings at Herrington condos | 183+ units
• A Kroger-anchored shopping center
• Southard Crossing | Publix-anchored shopping center
• U.S. Highway 19 which boasts 77,400 VPD
• South Forsyth High School | 2,443 students
• Prominent retailers such as Kroger, Publix, McDonald’s, Starbucks, Ingles Markets, Taco Bell, Zaxby’s, CVS, Regions Bank, Culver’s, Dunkin’, Wells Fargo, Waffle House, Truist Bank, Chase Bank, Chickfil-A, Carrabba’s, Red Robin, Verizon, among others
• About 3 miles from a major retail corridor that includes:
• Cumming Marketplace | A 716,700+ SF shopping center anchored by Walmart Supercenter, Home Depot, Lowe’s, Target, BJ’s, and Kohl’s
• Cumming 400 | 135,000+ SF shopping center anchored by Publix
• Lanier Crossing | A Hobby Lobby-anchored shopping center
• Northside Hospital Forsyth | 407-bed hospital
• Cumming Town Center | A 311,400 SF shopping center anchored by DICK’S, Best Buy, TJ Maxx & HomeGoods, and Ashley Store
• About a 10-minute drive from the recently approved The Gathering at South Forsyth development (See page 11)
• Expected to cost $2.6B and is one of the largest development proposals in suburban Atlanta history | Expected to be completed by 2033
• An 84-acre, 1.6MM SF world-class entertainment hub and gateway
• Will include a 750,000 SF arena suitable for an NHL franchise, a 100,000 SF community center, 500 hotel rooms, 2,400 residential units, and 1.6MM SF of commercial and retail space
• Steady population growth | Population has grown 8.6% within a 3-mile radius since 2020 | Projected to grow 1.66% annually for the next 5 years
• Very affluent area | The average HH income exceeds $174,800 within a 3-mile radius
• Dense area | Nearly 70,000 residents within a 10-minute drive
• 5.26% rent increase in 2029 and 10% bumps in options
• Potential tax benefits from utilization of accelerated depreciation and/or cost segregation
GOODYEAR HIGHLIGHTS
• Goodyear is one of the largest and most prominent auto-repair retails in the world with 1,200+ locations across 22 countries | Renowned for its highly recognizable brand
• Fortune 500 company | #204 on the 2024 list
• $20B+ in annual sales
• Market CAP of $2.5B+ as of August 2024
• B+ credit rating (S&P)
• Resistant to economic downturn or pandemic disruption
• Has been in business for 125+ years (since 1898)
• Ethisphere’s World’s Most Ethical Companies in 2024
• RepTrak’s 100 Most Reputable Companies in 2024
• Corporately guaranteed lease with limited Landlord responsibilities
• Early lease extension | Tenant recently extended their lease early, bringing the remaining base term to 10 years
• Excellent access and visibility from Bethelview Road which sees nearly 18,000 VPD
• Site is walking distance to:
• The Collection at Forsyth | A 57-acre, 560,000 SF lifestyle, mixed-use center | Purchase by CTO Realty Growth, Inc. in Dec 2022 for $96MM | Anchored by AMC and Academy Sports + Outdoors
• A proposed, 17-acre, 57,000 SF mixed-use development that is set to include a Chick-fil-A, gas station, four additional drive-thru businesses, retail, and office buildings
• The newly developed Gatherings at Herrington condos | 183+ units
• A Kroger-anchored shopping center
• Southard Crossing | Publix-anchored shopping center
• U.S. Highway 19 which boasts 77,400 VPD
• South Forsyth High School | 2,443 students
• Prominent retailers such as Kroger, Publix, McDonald’s, Starbucks, Ingles Markets, Taco Bell, Zaxby’s, CVS, Regions Bank, Culver’s, Dunkin’, Wells Fargo, Waffle House, Truist Bank, Chase Bank, Chickfil-A, Carrabba’s, Red Robin, Verizon, among others
• About 3 miles from a major retail corridor that includes:
• Cumming Marketplace | A 716,700+ SF shopping center anchored by Walmart Supercenter, Home Depot, Lowe’s, Target, BJ’s, and Kohl’s
• Cumming 400 | 135,000+ SF shopping center anchored by Publix
• Lanier Crossing | A Hobby Lobby-anchored shopping center
• Northside Hospital Forsyth | 407-bed hospital
• Cumming Town Center | A 311,400 SF shopping center anchored by DICK’S, Best Buy, TJ Maxx & HomeGoods, and Ashley Store
• About a 10-minute drive from the recently approved The Gathering at South Forsyth development (See page 11)
• Expected to cost $2.6B and is one of the largest development proposals in suburban Atlanta history | Expected to be completed by 2033
• An 84-acre, 1.6MM SF world-class entertainment hub and gateway
• Will include a 750,000 SF arena suitable for an NHL franchise, a 100,000 SF community center, 500 hotel rooms, 2,400 residential units, and 1.6MM SF of commercial and retail space
• Steady population growth | Population has grown 8.6% within a 3-mile radius since 2020 | Projected to grow 1.66% annually for the next 5 years
• Very affluent area | The average HH income exceeds $174,800 within a 3-mile radius
• Dense area | Nearly 70,000 residents within a 10-minute drive
• 5.26% rent increase in 2029 and 10% bumps in options
• Potential tax benefits from utilization of accelerated depreciation and/or cost segregation
GOODYEAR HIGHLIGHTS
• Goodyear is one of the largest and most prominent auto-repair retails in the world with 1,200+ locations across 22 countries | Renowned for its highly recognizable brand
• Fortune 500 company | #204 on the 2024 list
• $20B+ in annual sales
• Market CAP of $2.5B+ as of August 2024
• B+ credit rating (S&P)
• Resistant to economic downturn or pandemic disruption
• Has been in business for 125+ years (since 1898)
• Ethisphere’s World’s Most Ethical Companies in 2024
• RepTrak’s 100 Most Reputable Companies in 2024
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Building Size
6,870 SF
Building Class
B
Year Built
2010
Price
$3,724,000
Price Per SF
$542
Cap Rate
6%
NOI
$223,440
Tenancy
Single
Building Height
1 Story
Building FAR
0.21
Land Acres
0.76 AC
Zoning
CBD - Commercial Business District
Parking
19 Spaces (2.77 Spaces per 1,000 SF Leased)
Frontage
177 FT on Bethelview Rd
Amenities
- 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
PROPERTY TAXES
| Parcel Number | 106-632 | Improvements Assessment | $135,544 |
| Land Assessment | $134,752 | Total Assessment | $270,296 |
PROPERTY TAXES
Parcel Number
106-632
Land Assessment
$134,752
Improvements Assessment
$135,544
Total Assessment
$270,296
-
Gary Chou -
Matt Coates -
Calvin Short -
Aron Cline -
Rad Werssowetz -
Berkeley Capital Advisors
1 of 11
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
Goodyear | Early Lease Extension | 10-Yr | 5949 Bethelview Rd
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.