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34311105
34311106

1905 VAUGHN RD NW, KENNESAW, GA 30144-4578

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments
$5,400,000
2 days on market
Updated 2 days ago

Bank of America | 15-Yr GL | Whole Foods Anchored

Details
APN 20020700230
Property Type Retail, Mixed Use
Sub Type Bank, QSR/Fast Food
Square Footage 3,542
Net Rentable (SqFt) 3,542
Cap Rate 5.00%
NOI $270,000
Occupancy 100%
Tenancy Single
Brand/Tenant Bank of America
Lease Type Net
Lease Term 15
Lease Expiration 06/15/2041
Remaining Term 14.9
Rent Bumps Yes
Lease Options Five (Five-Year) Options
Pro-Forma Cap Rate 5.00%
Pro-Forma NOI $270,000
Class A
Year Built 2026
Acreage 0.860
Zoning General Commercial
Parking Spaces 49 spaces
Parking per 1,000 SqFt 13.83
Investment Type Institutional
Tenant Credit Corporate Guarantee
Lease Commencement 06/16/2026
Ground Lease No

Bank of America | New 15-Yr NNN | Whole Foods Anchored | Kennesaw, GA

Marketing description

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.

Investment 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: Embedded between Kennesaw marketplace (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 household income)

Listing Contacts

HS
CA 02036521
Faris Lee Investments
TS
CA CA 02059923
Faris Lee Investments
Listed by Faris Lee Investments

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$270,000.00
$22,500.00/mo

Valuation Metrics

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DSCR
5%
Cap Rate
5%
ROI

Map

Zoning

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O/I MixedMixed UseOffice And Institutional
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Last updated Feb 3, 2026 For deeper zoning details, reports are available at Zoneomics

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