Central Plaza – Cumming, GA

230 Elm St, Cumming, GA 30040, USA

Sands Investment Group is pleased to present for sale 230 Elm Street in Cumming, Georgia, a multi-tenant retail investment opportunity in the high-growth North Atlanta market. The property features 6 tenants, providing investors with a diversified income stream and potential long-term upside through contractual rent increases and lease renewals. Strategically positioned in Forsyth County, the property benefits from strong visibility and convenient access to established residential communities, retail amenities, and major traffic corridors, while its location within one of the Atlanta metropolitan area’s growing suburban markets provides access to continued population growth and an expanding consumer base.

  • 100% Occupied Multi-Tenant Retail: Fully occupied 14,364 SF retail property featuring 6 tenants plus billboard income, providing a diversified in-place income stream.
  • Contractual Rent Growth: Triple Net (NNN) Lease feature, providing built-in rental growth and potential long-term tenant retention.
  • Attractive In-Place Income: Offered at $3,000,000 with $180,000 in-place NOI and a price of just over $208 PSF.
  • Prominent Signalized Corner Location: Positioned at a signalized intersection with exposure to ~27,282 VPD, offering strong visibility and convenient access.
  • Established Cumming Location: Located next to the U.S. Post Office and directly across from Forsyth Central High School, supporting consistent daily activity and traffic around the property.
  • Strong Surrounding Demographics: The surrounding market features a population of 34,122 and an average household income of $132,154.
  • Recent Property Improvements: 6 of the property’s 10 HVAC units were replaced in 2025, the roof was repaired in 2025, and the parking lot was patched and restriped in 2022.
  • Well-Maintained Retail Property: All-brick construction with ample parking, pylon signage, tenant-controlled HVAC systems, and grease traps in Units 500 and 800.
  • 1.3 Acre Commercial Site: Situated on 1.3 acres with OP zoning and Parcel ID C15-064.

In Cooperation With Sands Investment Group Atlanta, LLC – Lic. #67374 BoR: Andrew Ackerman – Lic. GA #311619

Price

$3,000,000

Cap Rate

6.00%

PREMISES

14,364 SF

YEAR BUILT

2003

YEAR RENOVATED

2025

RENEWAL OPTIONS

Varies

Lease Expiration

Varies

Lease Type

NNN

RENTAL INCREASES

Varies

BROKERS

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