
1462 US Highway 41 North
Retail | 8.00% CAP | 12,862 SqFt
Marketing description
Priced 35-55% below replacement cost at the I-75 / US-41 interchange in Calhoun, Georgia. This 12,862 SF income-producing investment spans two buildings on 0.81 acres of C3-zoned land - an 11,400 SF warehouse with 16' clear height and a 1,462 SF stucco retail/office building. Both roofs have been replaced and HVAC systems installed within the last 3 years. The retail building is occupied by a 15-year NNN lease through February 2038 with a full personal guaranty and ~3% annual escalations - contracted income from day one. The warehouse is leased to an established tenant with a renewal in progress, creating clear value-add upside through a potential split-bay restructure. At $71.92/SF against a $110-$160/SF replacement cost, this is rare interchange-located land with income in place - an ideal 1031 exchange target or owner-user opportunity.
Investment highlights
- Both roofs replaced - warranties available
- New HVAC - installed under 3 years ago
- Exterior paint - both buildings
- New gutters throughout
- $71.92/SF - 35-55% below replacement cost
- 15-year NNN anchor - $538K contracted income
- I-75 interchange land - independent value floor
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