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34306141
34306084

1462 US Highway 41 North, Calhoun, GA 30701 For Sale

JH
GA 373135
HSI Commercial
Listed by HSI Commercial
$925,000
10 days on market
Updated 9 days ago

1462 US Highway 41 North

Details
Property Type Retail, Industrial
Sub Type Warehouse
Square Footage 12,862
Cap Rate 8.00%
NOI $74,000
Tenancy Multi
Lease Type NNN
Price per SqFt $72
Year Built 1960
Buildings 2
Acreage 0.810
Zoning C3 - Commercial
Investment Type Value Add
Ceiling Height 16

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

Listing Contacts

JH
GA 373135
HSI Commercial
Listed by HSI Commercial

Valuation Calculator

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$74,000.00
$6,166.67/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
ROI

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Additional Information

Name
Jeff Hammond
License
373135
Brokerage
HSI Commercial
Brokerage Phone
2108896819
Title
Broker
Brokerage Address
10900 Crabapple Road
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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