1905 NW Vaughn Rd - Bank FOR SALE


Kennesaw, GA 30144
$5,400,000 USD
949-633-2538
1905 NW Vaughn Rd, Kennesaw, GA for Sale
$5,400,000 USD
Bank - FOR SALE
1/5
null | 5% Cap Rate

1905 NW Vaughn Rd
Kennesaw, GA 30144


HIGHLIGHTS

  • Bank of America (NYSE: bac): investment-grade global financial institution with $3.4+ trillion in total assets
  • Corporate Guaranty, Absolute NNN lease: ultimate ease of management for investor
  • Brand New, 15-year Ground Lease with 10% rental increases
  • Whole Foods Anchored Trade Area: Between Kennesaw markets (3.2m visits / ranked #2 in GA) and Barrett Crossing Shopping Centers (1.8m annual visitors)
  • Hard corner parcel with frontage at 4-way intersection / Cobb parkway (39,800 VPD)
  • Large Daytime Population with brand new residential developments: 178,200+ residents + 102,000 employees within 5-miles ($137,023 Average HHI)

OVERVIEW

Faris Lee Investments is pleased to present the opportunity to acquire a brand-new, freestanding Bank of America property in the affluent Atlanta suburb of Kennesaw, Georgia. The offering is secured by a 15-year Corporate Absolute NNN lease featuring 10% rental increases every five years, providing investors with a passive, inflation-hedged income stream, zero landlord responsibilities, and increasing cash flow throughout the lease term. Built to Bank of America’s latest corporate prototype, the 3,435-square-foot, drive-thru financial center is situated on a premier hard-corner parcel along Cobb Parkway (39,800+ VPD), offering significant intrinsic real estate value. Strategically positioned within one of Metro Atlanta’s premier retail corridors, the property is surrounded by more than 7 million square feet of retail and located between Kennesaw Marketplace (3.2M visits per Placer.ai) and Barrett Crossing, two of the region’s highest-performing shopping destinations. The site also benefits from exceptional regional accessibility, less than 1.5 miles from Interstate 75 (233,900+ VPD), proximity to Kennesaw State University (51,000+ students), and will service more than 352,000 residents within a seven-mile radius. Backed by Bank of America, one of the world’s largest investment-grade financial institutions with over $3.4 trillion in assets, this offering represents an exceptional opportunity for passive or 1031 exchange investors seeking long-term, corporate-guaranteed income in one of the Southeast’s strongest investment markets.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/SF

$1,525 USD /SF

CAP RATE

5%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bank of America Kennesaw, GA

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Bank

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1991

SPRINKLERS

-

PARKING SPACES

49

LAND DETAILS

LAND ACRES

0.86 AC

LAND SF

37,462 SF

ZONING

O&I/WS

APN/PARCEL ID

20-0207-0-023-0

ASK ABOUT THIS PROPERTY

Hunter SteffienFaris Lee InvestmentsMore Info
949-633-2538

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Hunter SteffienFaris Lee InvestmentsMore Info
949-633-2538

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.