438 Cabiness Road
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438 Cabiness Road
13,500 SF 100% Leased Retail Building Forsyth, GA 31029 £2,093,054 (£155/SF) 7% Net Initial Yield
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
£2,093,054
Price Per SF
£155
Net Initial Yield
7%
NOI
£146,429
Percent Leased
100%
Tenancy
Multiple
Number of Floors
1
Building FAR
0.48
Lot Size
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 | - |
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | F33-010 | Total Assessment | £175,550 (2023) |
| Land Assessment | £78,245 (2023) | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £97,305 (2023) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
F33-010
Land Assessment
£78,245 (2023)
Improvements Assessment
£97,305 (2023)
Total Assessment
£175,550 (2023)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
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438 Cabiness Road
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